AmeriGas Partners, L.P. (NYSE: APU) announced today that Heritage ETC, L.P. (the “Selling Unitholder”), an affiliate of Energy Transfer Partners, L.P., has priced a public underwritten offering of 7,500,000 AmeriGas common units at a price to the public of $47.60 per unit. The size of the offering has been upsized from 6,000,000 units to 7,500,000 units. The underwriters have an option to purchase up to 1,125,000 additional common units at the public offering price less the underwriting discount. The offering is expected to close on July 12, 2013, subject to customary closing conditions. AmeriGas will not receive any proceeds from the sale of the common units by the Selling Unitholder.
Morgan Stanley, Barclays, UBS Investment Bank, Credit Suisse, Deutsche Bank Securities, J.P. Morgan, and Wells Fargo Securities are acting as joint book-running managers for the common units offering. RBC Capital Markets and Janney Montgomery Scott are acting as senior co-managers.
A copy of the prospectus supplement relating to the offering may be obtained from:
Morgan Stanley Email: prospectus@morganstanley.com Phone: (866) 718-1649 |
Barclays Phone: (888) 603-5847 | |
|
UBS Investment Bank Attn: Prospectus Department 299 Park Avenue New York, NY 10171 Phone: (888) 827-7275 |
Credit Suisse Attn: Prospectus Department One Madison Avenue, 1B New York, NY 10010 Phone: (800) 221-1037 | |
Deutsche Bank Securities
ATTN: Prospectus Group Email: prospectus.CPDG@db.com Phone: (800) 503-4611 |
J.P. Morgan | |
Wells Fargo Securities
Email: cmclientsupport@wellsfargo.com |
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 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
