AmeriGas Partners, L.P. to Issue Notes
February 06 2017 - 8:21AM
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 offering.
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%.
Forward-Looking Statements
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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version on businesswire.com: http://www.businesswire.com/news/home/20170206005576/en/
AmeriGas Partners, L.P.Will Ruthrauff, 610-337-7000, ext.
6571Shelly Oates, 610-337-7000, ext. 3202
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