LIBERTY, Mo., June 24 /PRNewswire-FirstCall/ -- Ferrellgas Partners, L.P.
(NYSE: FGP) and affiliates announced the pricing of a public offering of
1.25 million common units at a public offering price of $22.55 per common
unit. The offering is scheduled to close on June 27, 2003.
Ferrellgas also has granted to the underwriter of this offering a 30-day
option to purchase up to an additional 187,500 common units to cover any over-
allotments. Ferrellgas intends to use the net proceeds from the offering to
redeem and retire a portion of its outstanding senior units.
UBS Securities LLC acted as sole manager on the offering. When available,
copies of the final prospectus supplement, the accompanying base prospectus
and the accompanying reoffer prospectus may be obtained from: UBS Securities
LLC, 1285 Avenue of the Americas, New York, NY 10019, Telephone 212-713-8802.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy the limited partnership interests described herein, nor
shall there be any sale of these limited partnership interests in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
jurisdiction. The offering may be made only by means of a prospectus, the
accompanying base prospectus and the accompanying reoffer prospectus.
Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas,
L.P., currently serves more than one million customers in 45 states.
Ferrellgas employees indirectly own more than 17 million common units of the
partnership through on employee stock ownership plan. Ferrellgas trades on
the New York Stock Exchange under the ticker symbol FGP.
CONTACT: Investor Relations, Ryan VanWinkle of Ferrellgas Partners,
+1-816-792-7998
SOURCE Ferrellgas Partners, L.P.
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Related links:
http://www.ferrellgas.com
CONTACT:
Investor Relations, Ryan VanWinkle of
Ferrellgas Partners, +1-816-792-7998
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