Ferrellgas Partners, L.P. Completes Refinancing of Securitization Facility; Announces...

Ferrellgas Partners, L.P. Completes Refinancing of Securitization Facility;
Announces Early Redemption of Term Loan Facility: All Debt Maturities Due in
Next 12 Months Addressed

OVERLAND PARK, Kan., April 20 /PRNewswire-FirstCall/ --Ferrellgas Partners,
L.P. (NYSE: FGP), one of the nation's largest propane distributors, today
reported the closing of its previously announced $145 million Accounts
Receivable Securitization Facility that will continue to provide sufficient
liquidity to the partnership consistent with its seasonal working capital
needs. Separately, the partnership today announced the early repayment and
redemption of its $150 million Term Loan Facility due August 2009.

"Along with the anticipated renewal of our accounts receivable facility, we
are very pleased with the continued support shown by our relationship-based
lending group that over the last several years have provided us capital to
roll-up smaller, long-term debt maturities and re-finance them in a orderly
manner," explained Ryan VanWinkle, Senior Vice President and Chief Financial
Officer. The $150 million Term Loan Facility due August 2009 was redeemed
using proceeds initially raised by the partnership through its August 2008
issuance of senior notes.

"With this latest refinancing and redemption we are pleased to announce that
Ferrellgas has no further unaddressed debt maturities coming due in the next
12-months," VanWinkle emphasized. Ferrellgas anticipates the redemption of
its $73 million of notes due August 2009 on or before their maturity through
proceeds initially raised by issuance of equity in February 2009.

Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas,
L.P., serves approximately one million customers in all 50 states, the
District of Columbia, and Puerto Rico. Ferrellgas employees indirectly own
more than 20 million common units of the partnership through an employee stock
ownership plan. More information about the partnership can be found online at
www.ferrellgas.com.

Contact: Tom Colvin, Investor Relations, 913-661-1530
Scott Brockelmeyer, Media Relations, 913-661-1830

SOURCE Ferrellgas Partners, L.P.

Tom Colvin, Investor Relations, +1-913-661-1530, or Scott Brockelmeyer, Media
Relations, +1-913-661-1830, both of Ferrellgas Partners, L.P.