LIBERTY, Mo., July 28 /PRNewswire-FirstCall/ -- Ferrellgas Partners, L.P.
(NYSE: FGP) today announced that it plans to sell 2,500,000 common units
representing limited partner interests in an underwritten public offering
pursuant to an effective registration statement on Form S-3 previously filed
with the Securities and Exchange Commission. Ferrellgas also plans to grant
the underwriters an option to purchase up to 375,000 additional units to cover
over-allotments, if any.
Ferrellgas intends to use the net proceeds from the proposed offering to
reduce borrowings outstanding under the bank credit facility of its operating
partnership, Ferrellgas, L.P.
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 Annual Report on Form 10-K of Ferrellgas Partners, L.P., Ferrellgas
Partners Finance Corp., Ferrellgas, L.P. and Ferrellgas Finance Corp. for the
fiscal year ended July 31, 2003, and other documents filed from time to time
by those entities 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: Ryan VanWinkle, Investor Relations, 816-792-7998
SOURCE Ferrellgas Partners, L.P.
-0- 07/28/2004
/CONTACT: Ryan VanWinkle, Investor Relations of Ferrellgas Partners,
L.P., +1-816-792-7998/
/Web site: http://www.ferrellgas.com /
(FGP)
CO: Ferrellgas Partners, L.P.
ST: Missouri
IN: OIL
SU: OFR
AB-JK
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5308 07/28/2004 16:08 EDT http://www.prnewswire.com
