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Ferrellgas Partners, L.P. 8-K 2005
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 earliest event reported: January 31, 2005
Date of report: April 28, 2005
Ferrellgas Partners, L.P. Ferrellgas Partners Finance Corp. Ferrellgas, L.P. Ferrellgas Finance Corp.
(Exact name of registrants as specified in their charters)
7500 College Boulevard, Suite 1000 Overland Park, KS 66210
_________________
(Address of principal executive offices) (Zip Code)
(913) 661-1500
(Registrants’ telephone number, including area code)
Item 1.01 Entry into a Definitive Material 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 New Credit Facility On April 25, 2005, we announced that our operating partnership, Ferrellgas, L.P., Bank of America Securities LLC and J.P. Morgan Securities, Inc. entered into an agreement, effective April 22, 2005, to extend the maturity of our operating partnership’s existing bank credit facility, until April 2010. The new bank credit facility replaces the previous bank credit facility initially entered into in December 2002. The new five-year bank credit facility is supported by a 12-bank syndicate comprised of the 10 lenders to the previous bank credit facility together with two new financial institutions. Borrowings under the new bank credit facility are available for working capital needs, capital expenditures and other general partnership purposes. 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 new bank credit facility bear interest, at the operating partnership’s option, at a rate equal to either:
The material terms and obligations of the new bank credit facility are substantially similar to those of the operating partnership’s previous bank credit facility with the exception that the borrowing capacity has been increased from $307.5 million to $330 million.
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. On April 25, 2005, we issued a press release relating to the operating partnership’s new bank credit facility, a copy of this press release is furnished as Exhibit 99.1 to this report and is incorporated by reference herein. Item 8.01 Other Events Ferrellgas, Inc. Unaudited Balance Sheets We are filing the unaudited interim condensed consolidated balance sheets and footnotes of Ferrellgas Partners, L.P.’s and Ferrellgas, L.P.’s non-public general partner, Ferrellgas, Inc., to update its most recent audited consolidated balance sheets. See Exhibit 99.15 for the unaudited condensed consolidated balance sheets and footnotes of Ferrellgas, Inc. Item 9.01 Financial Statements and Exhibits The following materials are filed as exhibits to this Current Report on Form 8-K.
The following material is furnished as an exhibit to this Current Report on Form 8-K.
24544010 03190382
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 thereunto duly authorized.
24544010 03190382
24544010 03190382
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