AmeriGas Partners, L.P. (NYSE: APU) announced today that Heritage ETC, L.P., an affiliate of Energy Transfer Partners, L.P., has commenced a public underwritten offering, subject to market and other conditions, of 6,000,000 AmeriGas common units that it currently holds.
Morgan Stanley, Barclays, UBS Investment Bank, Credit Suisse, Deutsche Bank Securities, J.P. Morgan, and Wells Fargo Securities will act as joint book-running managers for the common units offering. RBC Capital Markets and Janney Montgomery Scott will act as senior co-managers. Pursuant to an option to purchase, the underwriters may purchase up to 900,000 additional common units from Heritage ETC, L.P.
When available, a copy of the prospectus supplement relating to the offering may be obtained from:
| Morgan Stanley | Barclays | ||
| Attn: Prospectus Department | c/o Broadridge Financial Solutions | ||
| 180 Varick Street | 1155 Long Island Avenue | ||
| 2nd Floor, New York, NY, 10014 | Edgewood, NY 11717 | ||
Email: prospectus@morganstanley.com | |||
| Phone: (866) 718-1649 | Phone: (888) 603-5847 | ||
| UBS Investment Bank | Credit Suisse | ||
| Attn: Prospectus Department | Attn: Prospectus Department | ||
| 299 Park Avenue | One Madison Avenue, 1B | ||
| New York, NY 10171 | New York, NY 10010 | ||
| Phone: (888) 827-7275 | Phone: (800) 221-1037 | ||
| Deutsche Bank Securities | J.P. Morgan | ||
| ATTN: Prospectus Group | c/o Broadridge Financial Solutions | ||
| 60 Wall Street | 1155 Long Island Avenue | ||
| New York, NY 10005-2836 | Edgewood, NY 11717 | ||
Email: prospectus.CPDG@db.com | Telephone: (866) 803-9204 | ||
| Phone: (800) 503-4611 | |||
| Wells Fargo Securities | |||
| Attn: Equity Syndicate Dept. | |||
| 375 Park Avenue | |||
| New York, NY 10152 | |||
| Phone: (800) 326-5897 | |||
This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, 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. Any offer to sell, or solicitation of an offer to buy, will be made solely by means of a prospectus and related prospectus supplement filed with the SEC.
About AmeriGas Partners, L.P.
AmeriGas is the nation’s largest retail propane marketer, serving over two million customers in all 50 states from approximately 2,100 distribution locations. UGI Corporation, through subsidiaries, is the sole General Partner and owns 26% of the Partnership. Prior to this offering, Heritage ETC, L.P., an affiliate of Energy Transfer Partners, L.P., owns 32% of the Partnership and the public owns the remaining 42%.
Contacts:
Simon Bowman, 610-337-7000 ext. 3645
Shelly
Oates, 610-337-7000 ext. 3202
