AmeriGas Partners, L.P. Issues Notice of Redemption
March 27 2017 - 4:15PM
Business Wire
AmeriGas Partners, L.P. (NYSE: APU) today announced that its
wholly owned subsidiaries, AmeriGas Finance Corp. and AmeriGas
Finance LLC (the "Issuers"), issued a notice calling for redemption
of its 7.00% senior notes due 2022 (the “Notes”) that had not
previously been tendered in connection with the Issuers’ tender
offer that expired on February 10, 2017.
Following the completion of the tender offer, there was
$102,512,000 principal amount of Notes that had not been tendered
and accepted for repurchase. Holders of these Notes currently
outstanding will receive a cash payment of $1,035 for each $1,000
principal amount of Notes called for redemption, plus accrued and
unpaid interest up to, but not including, the redemption date,
which will be May 20, 2017.
A notice of redemption is being sent to all currently registered
holders of the outstanding Notes by the trustee, U.S. Bank National
Association. Copies of the notice of redemption and additional
information relating to the procedure for redemption may be
obtained from U.S. Bank National Association by calling
1-800-934-6802.
This announcement is for informational purposes only and does
not constitute an offer to sell, or the solicitation of an offer to
buy, any Notes.
About AmeriGas Partners
AmeriGas Partners is the nation’s largest retail propane
marketer, serving approximately 1.9 million residential,
commercial, industrial, agricultural, wholesale and motor fuel
customers in all 50 states from approximately 1,900 propane
distribution locations. UGI Corporation, through subsidiaries, is
the sole General Partner and owns 26% of AmeriGas Partners and the
public owns the remaining 74%.
Forward-Looking Statements
This press release contains certain forward-looking statements,
including, but not limited to, statements regarding the redemption
of the Notes, that 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 AmeriGas
Partners’ Annual Report on Form 10-K for a more extensive list of
factors that could affect results. Among them are adverse weather
conditions, cost volatility and availability of propane, increased
customer conservation measures, the capacity to transport propane
to our market areas, the impact of pending and future legal
proceedings, liability for uninsured claims and for claims in
excess of insurance coverage, political, economic and regulatory
conditions in the U.S. and abroad, our ability to successfully
integrate acquisitions and achieve anticipated synergies, and the
interruption, disruption, failure, malfunction, or breach of our
information technology systems, including due to
cyber-attack. AmeriGas Partners undertakes no obligation
to release revisions to its forward-looking statements to reflect
events or circumstances occurring after today.
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version on businesswire.com: http://www.businesswire.com/news/home/20170327006165/en/
AmeriGas Partners, L.P.Will Ruthrauff, 610-337-7000 ext.
6571Shelly Oates, 610-337-7000 ext. 3202
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