Business & Finance
Fri, March 16, 2012 
VALLEY FORGE, Pa.--([ BUSINESS WIRE ])--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 Partnersa 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 Partnersa 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 Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, NY 10152
Phone: (800) 326-5897
Email: [ cmclientsupport@wellsfargo.com ]
BofA Merrill Lynch
Attn: Prospectus Department
4 World Financial Center
New York, NY 10080
Email: [ dg.prospectus_requests@baml.com ]
Barclays Capital
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: (888) 603-5847
Email: [ Barclaysprospectus@broadridge.com ]
Citigroup
Attn: Prospectus Department
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, NY 11220
Phone: (800) 831-9146
Email: [ batprospectusdept@citi.com ]
Credit Suisse
Attn: Prospectus Department
One Madison Avenue, 1B
New York, NY 10010
Phone: (800) 221-1037
J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (866) 803-9204
UBS Investment Bank
Attn: Prospectus Department
299 Park Avenue
New York, NY 10171
Phone: (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 nationas 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 todayas date only.Actual results may differ significantly because of risks and uncertainties that are difficult to predict and many of which are beyond managementas control.You should read the Partnershipas 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.
