LIBERTY, Mo., April 8 /PRNewswire-FirstCall/ -- Ferrellgas Partners, L.P. (NYSE: FGP) announced today that Ferrellgas Escrow LLC, a wholly-owned subsidiary of Ferrellgas, L.P., FGP's operating partnership, and Ferrellgas Finance Escrow Corp., a wholly-owned subsidiary of Ferrellgas Finance Corp., intend to commence an offering of $250 million of Senior Notes due 2014 in a private placement.

The notes are being sold in the United States to qualified institutional buyers in reliance on Rule 144A, and outside the United States in compliance with Regulation S, under the Securities Act of 1933, as amended. These notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

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 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 Form 10-K for the fiscal year ended July 31, 2003 and other documents filed from time to time, by the partnership, with the Securities and Exchange Commission.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

CONTACT: Investor Relations, Ryan VanWinkle of Ferrellgas Partners, 816-792-7998

SOURCE Ferrellgas Partners, L.P.