30 Oct 2025

"Simpson Thacher Represents Ferrellgas in $650 Million Senior Notes Offering and Credit Facility Amendment"

"The Firm facilitated a $650 million offering of 9.250% senior notes due 2031 for Ferrellgas, L.P. and Ferrellgas Finance Corp., using the proceeds to redeem their existing 5.375% senior notes due 2026. Additionally, the Firm assisted JPMorgan Chase Bank in amending Ferrellgas's revolving credit facility, increasing it to $350 million and extending its maturity. Ferrellgas is a major propane distributor in the U.S."

The law firm Simpson Thacher represented the initial purchasers and JPMorgan Chase Bank, N.A. in connection with a significant financial transaction involving Ferrellgas, L.P. and Ferrellgas Finance Corp. In this transaction, the Issuers completed a Rule 144A/Regulation S offering of $650 million in senior notes with a 9.250% interest rate due in 2031. The proceeds from this offering, along with existing cash, were utilized to redeem all outstanding $650 million of the Issuers’ 5.375% senior notes due in 2026. Additionally, the firm assisted JPMorgan Chase Bank in amending Ferrellgas’s revolving credit facility, which included an increase to $350 million and an extension of the maturity date. The Simpson Thacher team involved in this transaction included the following lawyers: - Dave Azarkh (Capital Markets) - Brian Rosenzweig (Capital Markets) - Jesse Feng (Capital Markets) - Ryan Poché (Capital Markets) - Suzannah Ranzo (Capital Markets) - Andrew Waldeck (Capital Markets) - Matthew Einbinder (Credit) - Ron Havas (Credit) - Caroline Toohey (Credit) - Ye Joo Lee (Credit) - Jon Cantor (Tax) - Michael Mann (Tax) - Jemma Li (Tax) - Tim Gallagher (Real Estate) - Mike Isby (Environmental) - Abram Ellis (Regulatory) - Anais Bourbon (Regulatory) - Pasco Struhs (Executive Compensation and Employee Benefits) - George Gerstein (ERISA) - Corina Holland (Intellectual Property) - Margerite Blase (Intellectual Property) - Jennie Getsin (Blue Sky)
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