Ferrellgas, L.P. and Ferrellgas Finance Corp. Announce Private Placement of $250 Million Senior Notes Due 2014
June 25 2008 - 3:58PM
PR Newswire (US)
OVERLAND PARK, Kan., June 25 /PRNewswire-FirstCall/ -- Ferrellgas,
L.P., the operating partnership of Ferrellgas Partners, L.P.
(NYSE:FGP), and Ferrellgas Finance Corp., a wholly-owned subsidiary
of Ferrellgas, L.P., today announced plans to commence a private
placement to eligible purchasers of $250 million in aggregate
principal amount of 6 3/4% Senior Notes due 2014. The notes offered
will be substantially similar to, but not part of the same series
as, Ferrellgas, L.P.'s outstanding $250 million aggregate principal
amount of 6 3/4% Senior Notes due 2014. Ferrellgas, L.P. intends to
use the net proceeds from the offering to reduce outstanding
indebtedness under its senior unsecured revolving credit facility.
The offering has not been registered under the Securities Act of
1933 (the "Securities Act") or any state securities laws, and the
notes may not be offered or sold in the United States absent such
registration, except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and applicable state securities laws. The notes will
be offered only to qualified institutional buyers under Rule 144A
and non-U.S. persons under Regulation S. This news release does not
constitute an offer to sell or a solicitation of an offer to buy
any securities. Ferrellgas, L.P. is a leading distributor of
propane and related equipment and supplies to customers primarily
in the United States. 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 Company expects, believes or anticipates will
or may occur in the future are forward-looking statements. These
statements include the Company's plans to complete a private
placement of $250 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 Company, including market
conditions, operational developments with respect to the Company
and other factors detailed in the Company's filings with the
Securities and Exchange Commission. Contact: Tom Colvin, Investor
Relations, 913-661-1530 DATASOURCE: Ferrellgas, L.P. CONTACT: Tom
Colvin, Investor Relations of Ferrellgas, L.P., +1-913-661-1530 Web
site: http://www.ferrellgas.com/
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