Ferrellgas filing cites ‘going concern’ fears, creditor issues

Ferrellgas Partners LP’s heavy debt burden and an escalating feud with a creditor have prompted the Overland Park-based propane retailer to cite the dreaded “going concern” fears in its latest filing with the Securities and Exchange Commission.

Ferrellgas (NYSE: FGP) faces payment of $357 million in unsecured notes by June 15 to TPG Specialty Lending Inc., which alleges that Ferrellgas defaulted on their agreement by failing to deliver financial results by Sept. 24, Bloomberg reports. Ferrellgas,…


more energy news

Send Us A Message