Ferrellgas Partners LP reached a temporary forbearance agreement on $357 million in unsecured notes that are due June 15.
Noteholders that are owed about 77% of the outstanding debt agreed to forgo, until July 31, exercising any rights or remedies from Ferrellgas’ failure to pay amounts due. The deal is subject to the company meeting certain undisclosed milestones.
“During the forbearance period, (Ferrellgas Partners) and the forbearing holders agreed to work cooperatively to negotiate a definitive…
