Ferrellgas, L.P. Commences Exchange Offer for Senior Notes due 2023
June 01 2016 - 5:00PM
Ferrellgas, L.P., the operating subsidiary of Ferrellgas Partners,
L.P. (NYSE:FGP), and its wholly owned subsidiary, Ferrellgas
Finance Corp., announced today that they have commenced an exchange
offer for up to $500.0 million aggregate principal amount of their
outstanding unregistered 6.75% Senior Notes due 2023 (the “Old
Notes”), for an equal amount of their 6.75% Senior Notes due 2023
(the “New Notes”) that have been registered under the Securities
Act of 1933, as amended (the “Act”). The exchange offer will
expire at 5:00 p.m. (New York City time) on June 30, 2016, unless
extended.
The New Notes will have terms that are identical in all material
respects to the terms of the Old Notes, except that the New Notes
will be registered under the Act and will not have any of the
transfer restrictions, registration rights or provisions for
additional interest relating to the Old Notes. Ferrellgas will not
receive any proceeds for the exchange
offer.
This announcement is for informational purposes only and is not
an offer to purchase or a solicitation of an offer to purchase any
securities. The exchange offer is being made solely by the
prospectus, dated June 1, 2016, with respect to the exchange offer
and the related letter of transmittal.
Copies of the prospectus and letter of
transmittal may be obtained from the exchange agent for the
exchange offer, U.S. Bank National Association, West Side Flats
Operations Center, 60 Livingston Avenue, Mail Station—EP-MN-WS2N,
St. Paul, Minnesota 55107-2292, Attention: William G. Keenan, (800)
934-6802.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any 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.
Contact: Jack Herrold, Investor Relations, 913-661-1851
Jim Saladin, Media Relations, 913-661-1833
Scott Brockelmeyer, Media Relations, 913-661-1830
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