NEW YORK – Bracewell LLP represented Ferrellgas, L.P., as borrower, in a $575 million senior secured credit facility. The five-year facility replaces the current $575 million senior secured revolving credit facility that was scheduled to mature in October 2018. The new facility includes a $300 million cash flow revolver, with TPG Specialty Lending, Inc., as administrative agent, and a $275 million term loan.
The facility, which closed on May 4, 2018, repaid the outstanding amounts on Ferrellgas’ terminating bank credit facility, fees and expenses associated with the new facility.
Bracewell attorneys involved in this matter included:
Partners: Robin J. Miles, Jeris Diana Brunette, Michele J. Alexander, Scott C. Sanders, Charles H. Still Jr. and Timothy A. Wilkins
Counsel: David J. Harty
Associates: Ryan Davis, Mary Isensee and Lindsey E. Chapman