$250 MILLION FERRELLGAS 11-5/8 PERCENT SENIOR SUBORDINATED DEBENTURES OFFERED TODAY
$250 MILLION FERRELLGAS 11-5/8 PERCENT
SENIOR SUBORDINATED DEBENTURES OFFERED TODAY
LIBERTY, Mo., Dec. 5 /PRNewswire/ --Ferrellgas, Inc. announced the public offering today of $250 million in 11-5/8 percent senior subordinated debentures due 2003 priced at 98.418 percent.
Net proceeds of the offering will be used to redeem in their entirety $149 million in 12-3/4 percent senior subordinated notes due 1996 and $61 million in 13-3/8 percent subordinated debentures due 1998, as well as for general corporate purposes.
Donaldson, Lufkin & Jenrette Securities Corporation was the sole underwriter of the issue.
Ferrellgas, Inc. retails propane gas to customers in 40 states and Washington, D.C., through approximately 500 outlets. The privately held company is a subsidiary of Ferrell Companies, Inc.
/CONTACT: Brian M. Smith of Ferrellgas, 816-792-7824/ CO: Ferrellgas, Inc. ST: Missouri IN: OIL SU: OFR SM -- NY103 -- 9901 12/05/91 17:58 EST