AmeriGas Partners, L.P. (NYSE: APU) announced today the closing of its previously-announced public offering of 7,000,000 common units. The net proceeds from the offering will be used to finance AmeriGas Partners’ tender offer for up to $200 million principal amount of outstanding 6.50% Senior Notes due 2021, to reduce AmeriGas Partners’ remaining indebtedness and that of its subsidiaries from time to time, and for general corporate purposes.
Wells Fargo Securities, BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, J.P. Morgan and UBS Investment Bank acted as joint book-running managers for the common units offering. Janney Montgomery Scott acted as senior co-manager.
This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, common units, nor shall there be any sale of common units in any jurisdiction in which such an offer or solicitation, or the sale of common units, would be unlawful without registration or qualification under the securities laws of such jurisdiction.
About AmeriGas Partners, L.P.
AmeriGas is the nation’s largest retail propane marketer, serving over two million customers in all 50 states from over 1,200 locations.
This press release contains certain forward-looking statements which management believes to be reasonable as of today’s date only. Actual results may differ significantly because of risks and uncertainties that are difficult to predict and many of which are beyond management’s control. You should read the Partnership’s Annual Report on Form 10-K for a more extensive list of factors that could affect results. The Partnership undertakes no obligation to release revisions to its forward-looking statements to reflect events or circumstances occurring after today except as required by federal securities laws.
Hugh J. Gallagher, 610-337-7000 ext. 1029
Shelly Oates, 610-337-7000 ext. 3202
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