UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| | | |
| Date of Report (Date of Earliest Event Reported): | | May 4, 2007 |
Ferrellgas Partners, L.P.
__________________________________________
(Exact name of registrant as specified in its charter)
| | | |
| Delaware | 001-11331 | 43-1698480 |
_____________________
(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| | | |
| 7500 College Blvd., Suite 1000, Overland Park, Kansas | | 66210 |
_________________________________
(Address of principal executive offices) | | ___________
(Zip Code) |
| | | |
| Registrant’s telephone number, including area code: | | 913-661-1500 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Ferrellgas Partners Finance Corp.
__________________________________________
(Exact name of registrant as specified in its charter)
| | | |
| Delaware | 333-06693 | 43-1742520 |
_____________________
(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| | | |
| 7500 College Blvd., Suite 1000, Overland Park, Kansas | | 66210 |
_________________________________
(Address of principal executive offices) | | ___________
(Zip Code) |
| | | |
| Registrant’s telephone number, including area code: | | 913-661-1500 |
n/a
______________________________________________
Former name or former address, if changed since last report
Ferrellgas, L.P.
__________________________________________
(Exact name of registrant as specified in its charter)
| | | |
| Delaware | 000-50182 | 43-1698481 |
_____________________
(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| | | |
| 7500 College Blvd., Suite 1000, Overland Park, Kansas | | 66210 |
_________________________________
(Address of principal executive offices) | | ___________
(Zip Code) |
| | | |
| Registrant’s telephone number, including area code: | | 913-661-1500 |
n/a
______________________________________________
Former name or former address, if changed since last report
Ferrellgas Finance Corp.
__________________________________________
(Exact name of registrant as specified in its charter)
| | | |
| Delaware | 000-50183 | 14-1866671 |
_____________________
(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| | | |
| 7500 College Blvd., Suite 1000, Overland Park, Kansas | | 66210 |
_________________________________
(Address of principal executive offices) | | ___________
(Zip Code) |
| | | |
| Registrant’s telephone number, including area code: | | 913-661-1500 |
n/a
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
The information included in Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01 of this Current Report on Form 8-K.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On May 1, 2007, our operating partnership, Ferrellgas, L.P., entered into an unsecured bank credit facility which provides the Company borrowing capacity of up to $150 million, which is in addition to the borrowing capacity available on its existing bank credit facility. This new facility will mature on August 1, 2009. Borrowings under this new facility are available for working capital needs, capital expenditures and other general partnership purposes, including the refinancing of existing indebtedness. The Company has approximately $90 of private placement notes maturing August 1, 2007.
The new bank credit facility contains various affirmative and negative covenants and default provisions, as well as requirements with respect to the maintenance of specified financial ratios and limitations on the making of loans and investments. All borrowings under the facility bear interest, at the operating partnership’s option, at a rate equal to either:
• the base rate, which is defined as the higher of the federal funds rate plus 0.50% or Bank of America’s prime rate; or
• the Eurodollar Rate plus a margin varying from 1.50% to 2.50%.
The descriptions set forth above in this Item 2.03 are qualified in their entirety by the operating partnership’s new bank credit facility, a copy of which is filed as an exhibit to this report and is incorporated by reference herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | Ferrellgas Partners, L.P. |
| | | | | |
| May 4, 2007 | | By: | | /s/ Kevin T. Kelly
|
| | | | |
|
| | | | | Name: Kevin T. Kelly |
| | | | | Title: Senior VIce President and Chief Financial Officer |
| | | | | |
| | | Ferrellgas Partners Finance Corp. |
| | | | | |
| May 4, 2007 | | By: | | /s/ Kevin T. Kelly
|
| | | | |
|
| | | | | Name: Kevin T. Kelly |
| | | | | Title: Senior Vice President and Chief Financial Officer |
| | | | | |
| | | Ferrellgas, L.P. |
| | | | | |
| May 4, 2007 | | By: | | /s/ Kevin T. Kelly
|
| | | | |
|
| | | | | Name: Kevin T. Kelly |
| | | | | Title: Senior Vice President and Chief Financial Officer |
| | | | | |
| | | Ferrellgas Finance Corp. |
| | | | | |
| May 4, 2007 | | By: | | /s/ Kevin T. Kelly
|
| | | | |
|
| | | | | Name: Kevin T. Kelly |
| | | | | Title: Senior Vice President and Chief Financial Officer |
Exhibit Index
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| Exhibit No. | | Description |
| |
|
10.1 | | Credit Agreement dated as of May 1, 2007, by and among Ferrellgas, L.P. as the borrower, Ferrellgas, Inc. as the general partner of the borrower, Bank of America N.A., as administrative agent |
