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AmeriGas Partners Announces Pricing Of Its Public Offering Of 7,000,000 Common Units

Stocks in this article: APU

AmeriGas Partners, L.P. (NYSE: APU) announced today the pricing of its public offering of 7,000,000 common units at a price to the public of $41.25 per unit. The underwriters have an option to purchase up to 1,050,000 additional common units from AmeriGas Partners at the public offering price less the underwriting discount. The offering is expected to close on March 21, 2012, subject to customary closing conditions.

AmeriGas Partners expects to receive net proceeds from the offering of approximately $277 million (or approximately $319 million if the underwriters exercise their option to purchase additional units in full). 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, which were issued by AmeriGas Partners and AmeriGas Finance Corp., 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 Capital, 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.

A copy of the prospectus relating to the offering may be obtained from:

Wells Fargo SecuritiesAttn: Equity Syndicate Dept.375 Park AvenueNew York, NY 10152Phone: (800) 326-5897Email: cmclientsupport@wellsfargo.com

BofA Merrill LynchAttn: Prospectus Department4 World Financial CenterNew York, NY 10080Email: dg.prospectus_requests@baml.com

Barclays Capitalc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Phone: (888) 603-5847Email: Barclaysprospectus@broadridge.com

CitigroupAttn: Prospectus DepartmentBrooklyn Army Terminal140 58 th Street, 8 th FloorBrooklyn, NY 11220Phone: (800) 831-9146Email: batprospectusdept@citi.com

Credit SuisseAttn: Prospectus DepartmentOne Madison Avenue, 1BNew York, NY 10010Phone: (800) 221-1037

J.P. Morganc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Telephone: (866) 803-9204

UBS Investment BankAttn: Prospectus Department299 Park AvenueNew York, NY 10171Phone: (888) 827-7275

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