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AmeriGas Partners Announces Debt Tender Offer

Stocks in this article: APU

AmeriGas Partners, L.P. (NYSE: APU), (“AmeriGas Partners”) today announced that it is commencing an offer to purchase for cash up to $200,000,000 aggregate principal amount of its outstanding 6.50% Senior Notes due 2021 (the “Notes”) on the terms and subject to the conditions set forth in its Offer to Purchase dated March 14, 2012 (the “Offer to Purchase”).

Information relative to the tender offer is set forth in the table below.

           
Maximum Early
Outstanding Principal Amount Tender Offer Participation Total
CUSIP/ISIN Title of Security Principal Amount to be Accepted

Consideration (1)

Payment (2)

Consideration (1)

030981AF1 6.50% Senior $470,000,000 $200,000,000 $1,020.00 $30.00 $1,050.00
US030981AF11 Notes due 2021

 

 
1. For each $1,000 principal amount of Notes, excluding accrued but unpaid interest thereon, which will be paid in addition to the Tender Offer Consideration or the Total Consideration, as applicable.
2. For each $1,000 principal amount of Notes validly tendered on or prior to the Early Participation Date (as defined below).
 

The tender offer will expire at 11:59 p.m., New York City time on April 10, 2012, unless extended (such date and time, as the same may be extended, the “Expiration Date”). Holders of the Notes who validly tender their Notes pursuant to the offer by 5:00 p.m., New York City time, March 27, 2012, unless extended (such date and time, as the same may be extended, the “Early Participation Date”), will be paid, for each $1,000 principal amount of the Notes accepted for purchase, cash in an amount equal to $1,050.00 (the “Total Consideration”), which includes an early participation payment of $30.00 per $1,000 principal amount of Notes accepted for purchase (the “Early Participation Payment”). Holders who validly tender their Notes after the Early Participation Date but prior to the Expiration Date will be paid, for each $1,000 principal amount of the Notes accepted for purchase, cash in an amount equal to the Total Consideration minus the Early Participation Payment, or $1,020.00 (the “Tender Offer Consideration”).

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