OVERLAND PARK, Kan., Feb. 2 /PRNewswire/ -- Ferrellgas Partners, L.P.
(NYSE: FGP) today announced the commencement of an underwritten registered
public offering of 4,500,000 common units representing limited partner
interests. Ferrellgas Partners, L.P. intends to grant the underwriters an
option to purchase up to an additional 675,000 common units to cover
over-allotments, if any. Ferrellgas Partners, L.P. intends to use the net
proceeds from the offering and the related capital contribution made to it by
its general partner to repay borrowings under the unsecured credit facility of
its subsidiary, Ferrellgas, L.P. The common units will be issued pursuant to
a prospectus supplement to the prospectus filed as a part of Ferrellgas
Partners, L.P.'s effective shelf registration statement on Form S-3 (File No.
333-132337).
UBS Investment Bank, Barclays Capital and Wachovia Securities are acting
as joint book-running managers of the offering and J.P. Morgan is acting as
the co-manager of the offering. A copy of the preliminary prospectus
supplement and base prospectus relating to the offering may be obtained from
the following addresses:
UBS Investment Bank
Attn: Prospectus Department
299 Park Avenue
New York, New York 10171
Telephone: 888-827-7275
Barclays Capital
c/o Broadridge
Integrated Distribution Services
1155 Long Island Avenue
Edgewood, New York 11717
Email: Barclaysprospectus@broadridge.com
Telephone: 888-603-5847
Wachovia Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, New York 10152
Email: equity.syndicate@wachovia.com
Telephone: 800-326-5897
J.P. Morgan
Attn: Prospectus Library
4 Chase Metrotech Center, CS Level
Brooklyn, New York 11245
Telephone: 718-242-8002
This press release does not constitute an offer to sell or a solicitation
of an offer to buy any securities, nor shall there be any offer, solicitation
or sale of securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering is being made only
through the prospectus supplement and accompanying base prospectus, which is
part of Ferrellgas Partners, L.P.'s effective shelf registration statement on
Form S-3 (File No. 333-132337).
About Ferrellgas Partners, L.P.
Ferrellgas Partners, 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 public offering of 4,500,000 common
units representing limited partner interests. 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
SOURCE Ferrellgas Partners, L.P.