Ferrellgas to issue 1.48 million units of limited partner interests

Common units last closed at $28.50 each on Friday

By Susanna Moon

Chicago, Sept. 2 – Ferrellgas Partners, LP plans to issue 1,483,583 common units representing limited partner interests, according to a 424B2 filing with the Securities and Exchange Commission.

The company will sell the units to individuals and entities under unit purchase agreements inked on Sept. 2.

The common units (NYSE: FGP) last closed at $28.50 per common unit on Aug. 29.

If the company sold the units at $28.31 each, which is based upon a five-day volume-weighted average trading price for the five days ended Aug. 29, the total deal size would be about $42 million.

Settlement has been slated for Sept. 2.

The company is an Overland Park, Kan.-based propane supplier.

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