LIBERTY, Mo., July 17 /PRNewswire-FirstCall/ --
Ferrellgas Partners, L.P. (NYSE: FGP), the nation's second-largest retail
marketer of propane, announced today that, in connection with its previously
announced tender offer and consent solicitation for all of its 9-3/8% senior
secured notes due 2006, it received the requisite consents required to
eliminate specified obligations, covenants and events of default in the notes
and indenture that governs the notes.
As of 5:00 p.m., Eastern Standard Time, on July 16, 2002, holders of more
than a majority of the outstanding notes had given their consents. The tender
offer will expire at 9:00 a.m., Eastern Standard Time, on Tuesday, July 30,
2002, unless extended.
Credit Suisse First Boston Corporation is acting as Dealer Manager in
connection with the tender offer. The Information Agent for the tender offer
is Georgeson Shareholder Communications Inc. Holders may obtain additional
information relating to the tender offer by contacting the Dealer Manager at
(800) 820-1653 or (212) 538-8474 or the Information Agent at (800) 645-7638 or
(212) 440-9800.
Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas,
L.P., serves more than one million customers in 45 states. Its employees
indirectly own more than 17 million common units of Ferrellgas through an
employee stock ownership plan. Its common units trade on the New York Stock
Exchange under the ticker symbol FGP.
Statements in this release concerning expectations for the future are
forward-looking statements. A variety of known and unknown risks,
uncertainties and other factors could cause actual results, performance and
expectations to differ materially from anticipated results, performance or
expectations. These risks, uncertainties and other factors are discussed in
the partnership's annual report on Form 10-K for fiscal 2001 dated July 31,
2001, as filed with the Securities and Exchange Commission on October 25,
2001, and other documents filed from time to time with the Securities and
Exchange Commission.
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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