Ferrellgas, L.P. and Ferrellgas Finance Corp. Commence Exchange Offer for $475 Million of Senior Notes Due 2022
July 25 2014 - 11:32AM
Ferrellgas, L.P., and Ferrellgas Finance Corp., a wholly-owned
subsidiary of Ferrellgas, L.P., today commenced an offer to
exchange $475 million principal amount of their 6.75% Senior Notes
due 2022, which have been registered under the Securities Act of
1933, as amended, for a like principal amount of their outstanding
and unregistered 6.75% Senior Notes due 2022, the principal amount
of $325 million of which were issued on November 4, 2013, and the
principal amount of $150 million of which were issued on June 13,
2014 each in a private placement. Ferrellgas, L.P. and Ferrellgas
Finance Corp. are acting as co-obligors and co-issuers of the new
notes.
The offer is being made pursuant to the terms and conditions
included in Ferrellgas, L.P.'s and Ferrellgas Finance Corp.'s
prospectus dated July 25, 2014. The terms of the new notes are
substantially identical to the terms of the notes for which they
are being exchanged, except that transfer restrictions generally do
not apply to the new notes.
The exchange offer will expire at 5:00 p.m., New York City time,
on August 25, 2014, unless extended.
Holders of the original notes may obtain documents related to
the exchange offer, including the prospectus and the associated
letter of transmittal, from the exchange agent, U.S. Bank National
Association, which can be contacted at:
By Mail, Courier or Overnight Delivery:
U.S. Bank National Association West Side Flats Operations Center
60 Livingston Avenue Mail Station - EP-MN-WS2N St. Paul,
Minnesota 55107-2292
By Facsimile Transmission (for Eligible Institutions only):
651-495-8158 (Confirm by Telephone: 800-934-6802)
This press release is for informational purposes only and shall
not constitute an offer to sell or the solicitation of an offer to
buy any securities of Ferrellgas, L.P. or Ferrellgas Finance Corp.,
nor shall there be any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
state.
This news release includes "forward-looking statements"
as defined by the Securities and Exchange Commission. All
statements, other than statements of historical facts, included in
this news release that address activities, events or developments
that the issuers expect, believe or anticipate will or may occur in
the future are forward-looking statements. These statements include
the issuer's plans to complete an exchange offering of $475 million
of senior notes. Such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of the issuers, including market conditions, operational
developments with respect to the issuers and other factors detailed
in the issuers' filings with the Securities and Exchange
Commission.
CONTACT: Alan Heitmann, Investor Relations, 913-661-1533
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