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: email@example.com BofA Merrill LynchAttn: Prospectus Department4 World Financial CenterNew York, NY 10080Email: firstname.lastname@example.org 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: email@example.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
This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, common units, nor shall there be any sale of common units in any jurisdiction in which such an offer or solicitation, or the sale of common units, would be unlawful without registration or qualification under the securities laws of such jurisdiction.About AmeriGas Partners, L.P. AmeriGas is the nation’s largest retail propane marketer, serving over two million customers in all 50 states from over 1,200 locations. This press release contains certain forward-looking statements which 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 the Partnership’s Annual Report on Form 10-K for a more extensive list of factors that could affect results. Among them are (i) capital market conditions, including reduced access to capital markets and interest rate fluctuations, and (ii) political, regulatory and economic conditions in the United States and foreign countries. The Partnership undertakes no obligation to release revisions to its forward-looking statements to reflect events or circumstances occurring after today except as required by federal securities laws.