Ferrellgas prepaid $82 million 7.24% notes, $70 million 7.42% notes

By Susanna Moon

Chicago, Oct. 19 - Ferrellgas Partners LP said it prepaid the outstanding amount and related make-whole payment on its $82 million of 7.24% series D senior notes due Aug. 1, 2010 and its $70 million of 7.42% series E senior notes due Aug. 1, 2013.

The company funded the prepayments on Oct. 15 using the proceeds of a September issue of $300 million of 9 1/8% senior notes due 2017.

"We continue to be focused on our near and long-term liquidity to support our business strategies," Ryan VanWinkle, senior vice president and chief financial officer, said in a press release.

"Through our recent capital transactions, we have addressed all existing debt maturities through 2011, while providing ourselves flexibility to continue to finance our anticipated growth opportunities."

Ferrellgas is an Overland Park, Kan.-based distributor and seller of propane and related equipment.

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