VALLEY FORGE, Pa.--(BUSINESS WIRE)--AmeriGas Partners, L.P. (NYSE: APU) (“AmeriGas Partners”) announced today that it and its wholly owned subsidiary, AmeriGas Finance Corp., will issue $675 million aggregate principal amount of 5.625% Senior Notes due 2024 and $675 million aggregate principal amount of 5.875% Senior Notes due 2026. The proceeds from the offering will be used to finance AmeriGas Partners’ tender offers for its outstanding 6.25% Senior Notes due 2019, 6.75% Senior Notes due 2020, and 6.50% Senior Notes due 2021. If any such notes are not tendered, AmeriGas Partners intends to redeem such notes with the proceeds from the offering. Any remaining proceeds will be used for general business purposes. The offering is expected to close on or about June 27, 2016, subject to customary closing conditions.
BofA Merrill Lynch, Citigroup, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers for the offering.
About AmeriGas Partners
AmeriGas Partners is the nation’s largest retail propane marketer, serving approximately two million customers in all 50 states from approximately 2,000 distribution locations. UGI Corporation, through subsidiaries, is the sole General Partner and owns 26% of AmeriGas Partners and the public owns the remaining 74%.