VALLEY FORGE, Pa.--(BUSINESS WIRE)--
AmeriGas Partners, L.P. (NYSE: APU) (“AmeriGas Partners”) announced
today that it and its wholly owned subsidiary, AmeriGas Finance Corp.
(the “Co-Issuer”), intend to offer, subject to market and other
conditions, $525,000,000 in aggregate principal amount of senior notes
due 2027 in a registered public offering. The net proceeds from the
offering will be used to finance AmeriGas Partners’ tender offer for any
and all of the outstanding 7.00% Senior Notes due 2022 and any remaining
net proceeds will be used for general business purposes.
J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Citigroup
Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith
Incorporated are acting as joint book-running managers for the notes
This offering is being made under an effective shelf registration
statement filed with the U.S. Securities and Exchange Commission, and
this offering is being made only by means of a prospectus supplement for
this offering and a related base prospectus dated June 20, 2016. You may
get these documents for free by visiting EDGAR on the SEC website at http://www.sec.gov.
Copies of the prospectus supplement and the related base prospectus may
also be obtained by contacting: J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New
York 11717 or by calling 866-803-9204.
This announcement is for informational purposes only and does not
constitute an offer to sell, or the solicitation of an offer to buy, any
note in any jurisdiction in which such an offer or solicitation, or the
sale of these notes, would be unlawful without registration or
qualification under the securities laws of such jurisdiction.
About AmeriGas Partners
AmeriGas Partners is the nation’s largest retail propane marketer,
serving approximately 1.9 million residential, commercial, industrial,
agricultural, wholesale and motor fuel customers in all 50 states from
approximately 1,900 propane distribution locations. UGI Corporation,
through subsidiaries, is the sole General Partner and owns 26% of
AmeriGas Partners and the public owns the remaining 74%.
This press release contains certain forward-looking statements that
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 AmeriGas Partners’ Annual Report on Form 10-K
for a more extensive list of factors that could affect results. Among
them are adverse weather conditions, cost volatility and availability of
propane, increased customer conservation measures, the capacity to
transport propane to our market areas, the impact of pending and future
legal proceedings, liability for uninsured claims and for claims in
excess of insurance coverage, political, economic and regulatory
conditions in the U.S. and abroad, our ability to successfully integrate
acquisitions and achieve anticipated synergies, and the interruption,
disruption, failure, malfunction, or breach of our information
technology systems, including due to cyber-attack. AmeriGas Partners
undertakes no obligation to release revisions to its forward-looking
statements to reflect events or circumstances occurring after today.
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Source: AmeriGas Partners, L.P.