Wells Fargo, PNC, Others Upsize Ferrellgas A/R Facility

Ferrellgas Partners increased its accounts receivable securitization facility from $225 million to $250 million with a bank group that included Wells Fargo, PNC and Fifth Third.

TPG Leads New $575MM Facility for Ferrellgas

Ferrellgas Partners signed an agreement for a new facility with a group led by TPG Specialty Lending. The facility includes a $300 million cash flow revolver and a $275 term loan supported by commitments from TPG and PNC Bank.

BofA ‘Right-Sizes’ $575MM Ferrellgas Facility

Ferrellgas Partners amended its secured credit facility with Bank of America as administrative agent, eliminating $213.6 million of excess availability, leaving $575 million.