New Issue: Ferrellgas arranges $21.05 million registered direct offering of units

By Devika Patel

Knoxville, Tenn., Oct. 13 - Ferrellgas Partners LP plans a $21.05 million registered direct offering of common units, according to a prospectus supplement filed Tuesday with the Securities and Exchange Commission.

The company will sell 1,058,454 common units at $19.89 per unit.

Proceeds will be used to repay debt.

Ferrellgas is an Overland Park, Kan.-based propane distributor.

Issuer:	Ferrellgas Partners LP
Issue:	Common units
Amount:	$21,052,650
Units:	1,058,454
Price:	$19.89
Warrants:	No
Pricing date:	Oct. 13
Stock symbol:	NYSE: FGP
Stock price:	$20.07 at close Oct. 13
Market capitalization:	$1.37 billion

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