Ferrellgas $837.5 million acquisition of Bridger Logistics

Overview:

• Ferrellgas Partners has acquired Bridger Logistics, which provides integrated crude oil midstream services, for $837.5 million.
• Evercore acted as financial adviser to Bridger.
• Simmons & Co International acted as leading financial adviser to Ferrellgas.
• Ferrellgas offered $500 million 6.75% notes due 2023 to finance the acquisition.
• JP Morgan, BofA Merrill Lynch and Wells Fargo Securities acted as joint book-running managers and co-managers.
• Ferrellgas also offered 6,325,000 Common units to finance the acquisition.
• JP Morgan, UBS Investment Bank, Barclays, BofA Merrill Lynch, RBC Capital Markets and Jefferies acted as joint book-running managers and co-managers.

Rani Mehta - Journalist