AmeriGas Partners, L.P. (NYSE:APU) (the “Partnership”) and AmeriGas Finance Corp. announced today that as of 5:00 p.m. New York City time on March 27, 2012 (the “Early Participation Date”), holders of approximately $383.5 million in aggregate principal amount of their outstanding 6.50% Senior Notes due 2021 (CUSIP Number: 030981AF1) (the “Notes”) had validly tendered Notes in connection with the Partnership's offer to purchase for cash up to $200 million of the Notes (the “Tender Offer”), which the Partnership commenced on March 14, 2012.
As a result of the oversubscription of the Tender Offer, the Partnership has accepted for purchase tendered notes on a prorated basis in the manner described in the Partnership’s Offer to Purchase dated March 14, 2012. The following table sets forth the outstanding principal amount of Notes, the principal amount that had been tendered and not withdrawn as of the Early Participation Date, the principal amount accepted for purchase and the approximate proration factor:
|CUSIP/ISIN||Title of Security||Outstanding Principal Amount||Tender Cap||Aggregate Principal Amount Tendered and not Withdrawn||Aggregate Principal Amount Accepted for Purchase||Approximate Proration Factor|
|030981AF1 US030981AF11||6.50% Senior Notes due 2021||$470,000,000||$200,000,000||$383,455,000||$199,999,000||52.3%|
Total consideration of $1,050.00 for each $1,000 principal amount of Notes, plus accrued and unpaid interest, is expected to be paid today, March 28, 2012 to the holders of Notes tendered and accepted for purchase (the “Total Consideration”). The Total Consideration includes an early participation payment of $30.00 per $1,000 principal amount of Notes accepted for purchase. As a result of the oversubscription of the Tender Offer, the Partnership will purchase Notes validly tendered as of the Early Participation Date using the approximate proration factor of 52.3% and it will not purchase Notes tendered after the Early Participation Date.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV