LIBERTY, Mo., Nov. 26 /PRNewswire-FirstCall/ -- Ferrellgas Partners, L.P. (NYSE: FGP) announced the pricing of a public offering of 2.0 million common units at a public offering price of $24.75 per common unit. The offering is scheduled to close on December 1, 2003.

Ferrellgas also has granted to the underwriters of this offering a 30-day option to purchase up to an additional 300,000 common units to cover any over- allotments. Ferrellgas intends to use the net proceeds from the offering to reduce borrowings outstanding under its bank credit facility and for other general partnership purposes.

UBS Securities LLC and Citigroup Global Markets Inc. acted as joint book- running managers on the offering. When available, copies of the final prospectus supplement and the accompanying base prospectus may be obtained from: UBS Securities LLC, 1285 Avenue of the Americas, New York, NY 10019, Telephone 212-713-8802.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the limited partnership interests described herein, nor shall there be any sale of these limited partnership interests in any state or 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. The offering may be made only by means of a prospectus supplement and the accompanying base prospectus.

Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., currently serves more than one million customers in 45 states. Ferrellgas employees indirectly own more than 17 million common units of the partnership through an employee stock ownership plan.

CONTACT: Ryan VanWinkle, Investor Relations of Ferrellgas Partners, L.P., +1-816-792-7998

SOURCE Ferrellgas Partners, L.P.