UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Earliest Event Reported: February 28, 2000
Date of Report: February 28, 2000
Ferrellgas Partners, L.P.
Ferrellgas Partners Finance Corp.
(Exact name of registrants as specified in their charters)
Delaware 1-111331 43-1698480
Delaware 333-06693 43-1742520
- ----------------------- ----------------- --------------------------------
(States or other Commission file (I.R.S. Employer Identification
jurisdictions of numbers Nos.)
incorporation or
organization)
One Liberty Plaza, Liberty, Missouri 64068
(Address of principal executive offices) (Zip Code)
Registrants' telephone number, including area code: (816) 792-1600
ITEM 5. OTHER EVENTS
Ferrellgas Partners, L.P. announced today that its operating
subsidiary, Ferrellgas, L.P., completed the issuance of $184 million of fixed
rate Senior Notes in a private placement to qualified institutional investors.
The proceeds of the financing were used to pay off the temporary financing
associated with the acquisition of Thermogas, the nation's fifth largest retail
marketer of propane.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
The Exhibit listed in the Index to Exhibits is filed as part
of this Current Report on Form 8-K.
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrants have duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
FERRELLGAS PARTNERS, L.P.
By Ferrellgas, Inc. (General Partner)
Date: March 2, 2000 By /s/ Kevin T. Kelly
-------------------------------------------------
Kevin T. Kelly
Chief Financial Officer (Principal
Financial and Accounting Officer)
FERRELLGAS PARTNERS FINANCE CORP.
Date: March 2, 2000 By /s/ Kevin T. Kelly
-------------------------------------------------
Kevin T. Kelly
Chief Financial Officer (Principal
Financial and Accounting Officer)
INDEX TO EXHIBITS
Exhibit No. Description of Exhibit
99.1 Text of press release issued by Ferrellgas
Partners, L.P. on March 2, 2000.
For immediate release
Contact:
Kenneth A. Heinz, Investor Relations, 816-792-6907
Pam Blase, Media Relations, 816-792-7902
Ferrellgas, L.P. Completes Private Offering of Senior Notes
Liberty, MO (March 2, 2000)-- Ferrellgas Partners, L.P. (NYSE:FGP)
announced today that its operating subsidiary, Ferrellgas, L.P., completed the
issuance of $184 million of fixed rate Senior Notes in a private placement to
qualified institutional investors. The proceeds of the financing were used to
pay off the temporary financing associated with the acquisition of Thermogas,
the nation's fifth largest retail marketer of propane.
On December 17, 1999, Ferrellgas acquired Thermogas for $432.5 million.
The transaction was partially funded through the issuance of $183 million
temporary financing. The Company's issuance of Senior Notes this week serves to
refinance the $183 million and fund related costs. The Senior Notes have
maturities ranging from 2006 through 2009, with terms and conditions similar to
the Senior Notes issued by the Company in 1998.
Ferrellgas is the largest retail marketer of propane in the United
States with sales volumes approaching one billion gallons and serving more than
one million customers in 45 states and the District of Columbia. Ferrellgas
employees own approximately 50 percent of the partnership through an Employee
Stock Ownership Plan.