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  <TITLE> Ferrellgas Partners, L.P. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	May 4, 2007
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  	Ferrellgas Partners, L.P.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	001-11331
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  	43-1698480
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	&nbsp;
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  	&nbsp;
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  	7500 College Blvd., Suite 1000, Overland Park, Kansas
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  	&nbsp;
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  	66210
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	913-661-1500
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><!-- CoverPageRegistrant START -->
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  	Ferrellgas Partners Finance Corp.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	333-06693
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  	43-1742520
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	&nbsp;
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  	&nbsp;
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  	7500 College Blvd., Suite 1000, Overland Park, Kansas
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  	&nbsp;
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  	66210
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  <FONT SIZE="2">
  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	&nbsp;
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	913-661-1500
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  <FONT SIZE="2">
  	n/a
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><!-- CoverPageRegistrant START -->
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  <FONT SIZE="6">
  	Ferrellgas, L.P.
  </FONT>
  <FONT SIZE="2">
  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	&nbsp;
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  	Delaware
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  	000-50182
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  	43-1698481
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  _____________________<BR>
  	(State or other jurisdiction
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  <FONT SIZE="2">
  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  <FONT SIZE="2">
  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	&nbsp;
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  	&nbsp;
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  	7500 College Blvd., Suite 1000, Overland Park, Kansas
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  	&nbsp;
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  	66210
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  <FONT SIZE="2">
  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	&nbsp;
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	913-661-1500
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  <FONT SIZE="2">
  	n/a
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  <FONT SIZE="2">
  	&nbsp;
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  <!-- CoverPageRegistrant END --><!-- CoverPageRegistrant START -->
  <P ALIGN="CENTER"><!-- -->
  <FONT SIZE="6">
  	Ferrellgas Finance Corp.
  </FONT>
  <FONT SIZE="2">
  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
  </FONT>
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  	Delaware
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  <FONT SIZE="2">
  	000-50183
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  <FONT SIZE="2">
  	14-1866671
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  _____________________<BR>
  	(State or other jurisdiction
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  <FONT SIZE="2">
  _____________<BR>
  	(Commission
  </FONT>
  </TD>
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  <FONT SIZE="2">
  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  <FONT SIZE="2">
  	File Number)
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  <FONT SIZE="2">
  	Identification No.)
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  	&nbsp;&nbsp;
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  	&nbsp;
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  	&nbsp;
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  <FONT SIZE="2">
  	7500 College Blvd., Suite 1000, Overland Park, Kansas
  </FONT>
  </TD>
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  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
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  <FONT SIZE="2">
  	66210
  </FONT>
  </TD>
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  <FONT SIZE="2">
  _________________________________<BR>
  	(Address of principal executive offices)
  </FONT>
  </TD>
  <TD ALIGN="CENTER" VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="CENTER" VALIGN="TOP">
  <FONT SIZE="2">
  ___________<BR>
  	(Zip Code)
  </FONT>
  </TD>
  </TR>
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  	&nbsp;
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  	&nbsp;
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  <FONT SIZE="2">
  	Registrant&#146;s telephone number, including area code:
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  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
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  	913-661-1500
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  <P ALIGN="CENTER">
  <FONT SIZE="2">
  	n/a
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
  </FONT>
  <P ALIGN="CENTER">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
  </P>
  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 1.01 Entry into a Material Definitive Agreement.
  </B>
  </FONT>
  </P>
  <P ALIGN="LEFT">
  <FONT SIZE="2">
  The information included in Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01 of this Current Report on Form 8-K.<br><br>
  </FONT>
  </P>
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  <BR><BR><BR><BR><!-- Item START -->
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  <FONT SIZE="2">
  <B>
  	Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
  </B>
  </FONT>
  </P>
  <P ALIGN="LEFT">
  <FONT SIZE="2">
  On May 1, 2007, our operating partnership, Ferrellgas, L.P., entered into an unsecured bank credit facility which provides the Company borrowing capacity of up to $150 million, which is in addition to the borrowing capacity available on its existing bank credit facility.  This new facility will mature on August 1, 2009.  Borrowings under this new facility are available for working capital needs, capital expenditures and other general partnership purposes, including the refinancing of existing indebtedness.   The Company has approximately $90 of private placement notes maturing August 1, 2007.<br><br>The new bank credit facility contains various affirmative and negative covenants and default provisions, as well as requirements with respect to the maintenance of specified financial ratios and limitations on the making of loans and investments. All borrowings under the facility bear interest, at the operating partnership&#x2019;s option, at a rate equal to either:<br><br>&#x2022;	the base rate, which is defined as the higher of the federal funds rate plus 0.50% or Bank of America&#x2019;s prime rate; or<br>&#x2022;	the Eurodollar Rate plus a margin varying from 1.50% to 2.50%.<br><br>The descriptions set forth above in this Item 2.03 are qualified in their entirety by the operating partnership&#x2019;s new bank credit facility, a copy of which is filed as an exhibit to this report and is incorporated by reference herein.<br><br>
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  <!-- PageBreak END --><!-- SignatureHeader START -->
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  <FONT SIZE="2">
  <B>
  	SIGNATURES
  </B>
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  </P>
  <P ALIGN="LEFT">
  <FONT SIZE="2">
  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  </FONT>
  </P>
  <!-- SignatureHeader END --><!-- Signature START -->
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  	&nbsp;
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  <FONT SIZE="2">
  	Ferrellgas Partners, L.P.
  </FONT>
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  <FONT SIZE="2">
  	&nbsp;&nbsp;
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  	&nbsp;
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  	&nbsp;
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  <FONT SIZE="2">
  <I>
  	May 4, 2007
  </I>
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
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  <I>
  	By:
  </I>
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  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	/s/ Kevin T. Kelly
  </I>
  <BR>
  </FONT>
  </TD>
  </TR>
  <TR>
  <TD VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
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  <TD ALIGN="LEFT" VALIGN="TOP">
  <HR SIZE="1" NOSHADE>
  </TD>
  </TR>
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  <TD VALIGN="TOP">
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  	&nbsp;
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  	&nbsp;
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  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	Name: Kevin T. Kelly
  </I>
  </FONT>
  </TD>
  </TR>
  <TR VALIGN="BOTTOM">
  <TD VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	Title: Senior VIce President and Chief Financial Officer
  </I>
  </FONT>
  </TD>
  </TR>
  </TABLE>
  </CENTER>
  <!-- Signature END --><!-- Signature START -->
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  <TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR VALIGN="BOTTOM">
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  	&nbsp;
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  <TD VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD COLSPAN="3" VALIGN="TOP" ALIGN="LEFT">
  <FONT SIZE="2">
  	Ferrellgas Partners Finance Corp.
  </FONT>
  </TD>
  </TR>
  <TR VALIGN="BOTTOM">
  <TD VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
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  <FONT SIZE="2">
  	&nbsp;
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  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  </TR>
  <TR VALIGN="BOTTOM">
  <TD VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	May 4, 2007
  </I>
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	By:
  </I>
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	/s/ Kevin T. Kelly
  </I>
  <BR>
  </FONT>
  </TD>
  </TR>
  <TR>
  <TD VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
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  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
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  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
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  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <HR SIZE="1" NOSHADE>
  </TD>
  </TR>
  <TR VALIGN="BOTTOM">
  <TD VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
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  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	Name: Kevin T. Kelly
  </I>
  </FONT>
  </TD>
  </TR>
  <TR VALIGN="BOTTOM">
  <TD VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
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  	&nbsp;
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  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
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  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	Title: Senior Vice President and Chief Financial Officer
  </I>
  </FONT>
  </TD>
  </TR>
  </TABLE>
  </CENTER>
  <!-- Signature END --><!-- Signature START -->
  <CENTER>
  <TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
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  	&nbsp;
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  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD COLSPAN="3" VALIGN="TOP" ALIGN="LEFT">
  <FONT SIZE="2">
  	Ferrellgas, L.P.
  </FONT>
  </TD>
  </TR>
  <TR VALIGN="BOTTOM">
  <TD VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;&nbsp;
  </FONT>
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  <FONT SIZE="2">
  	&nbsp;
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  <TD ALIGN="LEFT" VALIGN="TOP">
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  	&nbsp;
  </FONT>
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  <FONT SIZE="2">
  <I>
  	May 4, 2007
  </I>
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	By:
  </I>
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	/s/ Kevin T. Kelly
  </I>
  <BR>
  </FONT>
  </TD>
  </TR>
  <TR>
  <TD VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
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  <FONT SIZE="2">
  	&nbsp;
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  <HR SIZE="1" NOSHADE>
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  	&nbsp;
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  <FONT SIZE="2">
  	&nbsp;
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  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	Name: Kevin T. Kelly
  </I>
  </FONT>
  </TD>
  </TR>
  <TR VALIGN="BOTTOM">
  <TD VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	Title: Senior Vice President and Chief Financial Officer
  </I>
  </FONT>
  </TD>
  </TR>
  </TABLE>
  </CENTER>
  <!-- Signature END --><!-- Signature START -->
  <CENTER>
  <TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR VALIGN="BOTTOM">
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  	&nbsp;
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  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD COLSPAN="3" VALIGN="TOP" ALIGN="LEFT">
  <FONT SIZE="2">
  	Ferrellgas Finance Corp.
  </FONT>
  </TD>
  </TR>
  <TR VALIGN="BOTTOM">
  <TD VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;&nbsp;
  </FONT>
  </TD>
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  	&nbsp;
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  <FONT SIZE="2">
  	&nbsp;
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  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
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  <FONT SIZE="2">
  <I>
  	May 4, 2007
  </I>
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	By:
  </I>
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	/s/ Kevin T. Kelly
  </I>
  <BR>
  </FONT>
  </TD>
  </TR>
  <TR>
  <TD VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
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  <TD>
  <FONT SIZE="2">
  	&nbsp;
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  	&nbsp;
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  <FONT SIZE="2">
  	&nbsp;
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  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	Name: Kevin T. Kelly
  </I>
  </FONT>
  </TD>
  </TR>
  <TR VALIGN="BOTTOM">
  <TD VALIGN="TOP">
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
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  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
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  	&nbsp;
  </FONT>
  </TD>
  <TD>
  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP">
  <FONT SIZE="2">
  <I>
  	Title: Senior Vice President and Chief Financial Officer
  </I>
  </FONT>
  </TD>
  </TR>
  </TABLE>
  </CENTER>
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  	Exhibit&nbsp;Index
  </FONT>
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  <BR>
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  <TD NOWRAP ALIGN="LEFT">
  <FONT SIZE="1">
  <B>
  	Exhibit No.
  </B>
  </FONT>
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  <TD>
  <FONT SIZE="1">
  	&nbsp;
  </FONT>
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  <TD NOWRAP ALIGN="LEFT">
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  <B>
  	Description
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  	10.1
  </DIV>
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  <FONT SIZE="2">
  	&nbsp;
  </FONT>
  </TD>
  <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
  <FONT SIZE="2">
  Credit Agreement dated as of May 1, 2007, by and among Ferrellgas, L.P. as the borrower, Ferrellgas, Inc. as the general partner of the borrower, Bank of America N.A., as administrative agent
  </FONT>
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_20073.htm", "description": "LIVE FILING", "secsgml_size_bytes": 26794}]
metadata_filer: [{"company-data": {"conformed-name": "FERRELLGAS PARTNERS L P", "cik": "0000922358", "assigned-sic": "5900", "irs-number": "431698480", "state-of-incorporation": "DE", "fiscal-year-end": "0731"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-11331", "film-number": "07820457"}, "business-address": {"street1": "7500 COLLEGE BOULEVARD, STE 1000", "city": "OVERLAND PARK", "state": "KS", "zip": "66210", "phone": "9136611500"}, "mail-address": {"street1": "7500 COLLEGE BOULEVARD, STE 1000", "city": "OVERLAND PARK", "state": "KS", "zip": "66210"}}, {"company-data": {"conformed-name": "FERRELLGAS L P", "cik": "0000922359", "assigned-sic": "5900", "irs-number": "431676206", "state-of-incorporation": "DE", "fiscal-year-end": "0731"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50182", "film-number": "07820459"}, "business-address": {"street1": "7500 COLLEGE BOULEVARD, STE 1000", "city": "OVERLAND PARK", "state": "KS", "zip": "66210", "phone": "9136611500"}, "mail-address": {"street1": "7500 COLLEGE BOULEVARD, STE 1000", "city": "OVERLAND PARK", "state": "KS", "zip": "66210"}}, {"company-data": {"conformed-name": "FERRELLGAS FINANCE CORP", "cik": "0000922360", "assigned-sic": "5900", "irs-number": "431677595", "state-of-incorporation": "DE", "fiscal-year-end": "0731"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50183", "film-number": "07820458"}, "business-address": {"street1": "7500 COLLEGE BOULEVARD, STE 1000", "city": "OVERLAND PARK", "state": "KS", "zip": "66210", "phone": "9136611500"}, "mail-address": {"street1": "7500 COLLEGE BOULEVARD, STE 1000", "city": "OVERLAND PARK", "state": "KS", "zip": "66210"}}, {"company-data": {"conformed-name": "FERRELLGAS PARTNERS FINANCE CORP", "cik": "0001012493", "assigned-sic": "5900", "irs-number": "431742520", "state-of-incorporation": "DE", "fiscal-year-end": "0731"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-06693-02", "film-number": "07820460"}, "business-address": {"street1": "7500 COLLEGE BOULEVARD, STE 1000", "city": "OVERLAND PARK", "state": "KS", "zip": "66210", "phone": "9136611500"}, "mail-address": {"street1": "7500 COLLEGE BOULEVARD, STE 1000", "city": "OVERLAND PARK", "state": "KS", "zip": "66210"}}]
text: Ferrellgas Partners, L.P. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  May 4, 2007
  Ferrellgas Partners, L.P.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  001-11331
  43-1698480
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  7500 College Blvd., Suite 1000, Overland Park, Kansas
  66210
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  913-661-1500
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Ferrellgas Partners Finance Corp.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  333-06693
  43-1742520
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  7500 College Blvd., Suite 1000, Overland Park, Kansas
  66210
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  913-661-1500
  n/a
  ______________________________________________
  Former name or former address, if changed since last report
  Ferrellgas, L.P.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-50182
  43-1698481
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  7500 College Blvd., Suite 1000, Overland Park, Kansas
  66210
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  913-661-1500
  n/a
  ______________________________________________
  Former name or former address, if changed since last report
  Ferrellgas Finance Corp.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-50183
  14-1866671
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  7500 College Blvd., Suite 1000, Overland Park, Kansas
  66210
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  913-661-1500
  n/a
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  The information included in Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01 of this Current Report on Form 8-K.
  Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
  On May 1, 2007, our operating partnership, Ferrellgas, L.P., entered into an unsecured bank credit facility which provides the Company borrowing capacity of up to $150 million, which is in addition to the borrowing capacity available on its existing bank credit facility.  This new facility will mature on August 1, 2009.  Borrowings under this new facility are available for working capital needs, capital expenditures and other general partnership purposes, including the refinancing of existing indebtedness.   The Company has approximately $90 of private placement notes maturing August 1, 2007.
  The new bank credit facility contains various affirmative and negative covenants and default provisions, as well as requirements with respect to the maintenance of specified financial ratios and limitations on the making of loans and investments. All borrowings under the facility bear interest, at the operating partnership's option, at a rate equal to either:
  •	the base rate, which is defined as the higher of the federal funds rate plus 0.50% or Bank of America's prime rate; or
  •	the Eurodollar Rate plus a margin varying from 1.50% to 2.50%.
  The descriptions set forth above in this Item 2.03 are qualified in their entirety by the operating partnership's new bank credit facility, a copy of which is filed as an exhibit to this report and is incorporated by reference herein.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Ferrellgas Partners, L.P.
  May 4, 2007
  By:
  /s/ Kevin T. Kelly
  Name: Kevin T. Kelly
  Title: Senior VIce President and Chief Financial Officer
  Ferrellgas Partners Finance Corp.
  May 4, 2007
  By:
  /s/ Kevin T. Kelly
  Name: Kevin T. Kelly
  Title: Senior Vice President and Chief Financial Officer
  Ferrellgas, L.P.
  May 4, 2007
  By:
  /s/ Kevin T. Kelly
  Name: Kevin T. Kelly
  Title: Senior Vice President and Chief Financial Officer
  Ferrellgas Finance Corp.
  May 4, 2007
  By:
  /s/ Kevin T. Kelly
  Name: Kevin T. Kelly
  Title: Senior Vice President and Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  Credit Agreement dated as of May 1, 2007, by and among Ferrellgas, L.P. as the borrower, Ferrellgas, Inc. as the general partner of the borrower, Bank of America N.A., as administrative agent