Ferrellgas Partners (FGP) Releases Underwritten Public Offering of 4,400,000 Common Units

Ferrellgas Partners, L.P. (NYSE: FGP) today announced the commencement of an underwritten registered public offering of 4,400,000 common units representing limited partner interests. They intend to grant the underwriters an option to purchase up to an additional 660,000 common units to cover over-allotments.

errellgas 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 fund the optional redemption of up to 35% of the aggregate principal amount of its 8.625% Senior Notes due 2020 at a redemption price of 108.625% of the aggregate principal amount of the notes redeemed, plus accrued and unpaid interest, if any, to the redemption date.

BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers of the offering.

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