AmeriGas Partners Announces Pricing of its Public Offering of 7,000,000 Common Units
March 15 2012 - 6:09PM
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 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
58th Street, 8th 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
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.
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