Filed Pursuant to Rule 433
Registration Statement 333-157760
Pricing Term Sheet
March 31, 2010
$280,000,000
Ferrellgas Partners, L.P.
Ferrellgas Partners Finance Corp.
85/8% Senior Notes due 2020
This term sheet to the preliminary prospectus supplement dated March 30, 2010 should be read together with the preliminary prospectus supplement before making a decision in connection with an investment in the securities. The information in this term sheet supersedes the information contained in the preliminary prospectus supplement to the extent that it is inconsistent therewith. Terms used but not defined herein have the meaning ascribed to them in the preliminary prospectus supplement.
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Issuers: |
Ferrellgas Partners, L.P. |
|
|
Ferrellgas Partners Finance Corp. |
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Title of Securities: |
85/8% Senior Notes due 2020 |
|
Distribution: |
Registered |
|
Principal Amount: |
$280,000,000 |
|
Gross Proceeds: |
$280,000,000 |
|
Coupon: |
85/8% |
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Maturity: |
June 15, 2020 |
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Offering Price: |
100.000% |
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Yield to Maturity: |
8.625% |
|
Ratings: |
B2/B- |
|
Interest Payment Dates: |
June 15 and December 15 |
|
Beginning: |
June 15, 2010 |
|
Equity Clawback: |
Up to 35% at 108.625% |
|
Until: |
June 15, 2013 |
|
Optional Redemption: |
On or after: |
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Price: |
|
|
|
June 15, 2015 |
|
104.313 |
% |
|
|
June 15, 2016 |
|
102.875 |
% |
|
|
June 15, 2017 |
|
101.438 |
% |
|
|
June 15, 2018 and thereafter |
|
100.000 |
% |
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Change of Control: |
Put @ 101% of principal plus accrued interest |
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Trade Date: |
March 31, 2010 |
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Settlement Date: |
April 13, 2010 (T+8) |
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CUSIP: |
315295 AE5 |
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ISIN: |
US315295AE59 |
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Issue Description: |
SR NT |
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Denominations: |
2,000x1,000 |
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Joint Book Running Managers: |
Wells Fargo Securities |
|
|
BofA Merrill Lynch |
|
|
J.P. Morgan |
|
Co-managers: |
Barclays Capital |
|
|
BNP Paribas Securities Corp. |
|
|
Fifth Third Securities, Inc. |
|
|
PNC Capital Markets LLC |
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SOCIETE GENERALE |
|
|
US Bancorp |
The issuers have filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuers have filed with the SEC for more complete information about the issuers and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuers, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Wells Fargo Securities toll free at (800) 326-5897.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.