LIBERTY, Mo., April 20 /PRNewswire-FirstCall/ -- Ferrellgas Partners, L.P.
(NYSE: FGP) and Ferrellgas, L.P. announced today that Ferrellgas Escrow LLC, a
wholly-owned subsidiary of Ferrellgas, L.P., and Ferrellgas Finance Escrow
Corp., a wholly-owned indirect subsidiary of Ferrellgas, L.P., closed a
private placement of $250 million of 6-3/4% senior notes due 2014. The two
subsidiaries are co-obligors under the senior notes and received net proceeds
of approximately $243.5 million from the private placement based on an
offering price of 99.637% per note and after deducting underwriting discounts
and commissions.
Ferrellgas is one of the nation's largest retail marketers of propane and
currently serves more than one million customers in 45 states. Ferrellgas
employees indirectly own approximately 18 million common units of the
partnership through an employee stock ownership plan.
CONTACT: Ryan VanWinkle, Investor Relations of Ferrellgas Partners, L.P.,
+1-816-792-7998
SOURCE Ferrellgas Partners, L.P.
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Related links:
http://www.ferrellgas.com
CONTACT:
Ryan VanWinkle, Investor Relations of
Ferrellgas Partners, L.P., +1-816-792-7998
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