AmeriGas Partners Announces Upsizing and Pricing of Energy Transfer Affiliate's AmeriGas Common Unit

AmeriGas Partners Announces Upsizing and Pricing of Energy Transfer Affiliate's AmeriGas Common Units

VALLEY FORGE, Pa.--(BUSINESS WIRE)-- AmeriGas Partners, L.P. (NYS: 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
Attn: Prospectus Department
180 Varick Street
2nd Floor, New York, NY, 10014

Email: prospectus@morganstanley.com

Phone: (866) 718-1649

 

Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Email: Barclaysprospectus@broadridge.com

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
60 Wall Street
New York, NY
10005-2836

Email: prospectus.CPDG@db.com


Phone: (800) 503-4611

J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (866) 803-9204

 

Wells Fargo Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, NY 10152

Email: cmclientsupport@wellsfargo.com
Phone: (800) 326-5897

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%.



AmeriGas Partners, L.P.
Simon Bowman, 610-337-7000 ext. 3645
Shelly Oates, 610-337-7000 ext. 3202

KEYWORDS:   United States  North America  Pennsylvania

INDUSTRY KEYWORDS:

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