AmeriGas Partners, L.P. to Issue Notes

12/13/16

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. (the “Co-Issuer”), intend to offer, subject to market and other conditions, $550,000,000 in aggregate principal amount of senior notes due 2025 in a registered public offering. The net proceeds from the offering will be used to finance AmeriGas Partners’ tender offer for up to $500,000,000 aggregate principal amount of its 7.00% Senior Notes Due 2022 and any remaining net proceeds will be used for reducing AmeriGas Partners’ and its subsidiaries’ remaining indebtedness from time to time and for general business purposes.

Wells Fargo Securities, LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the notes offering.

About AmeriGas Partners

AmeriGas Partners is the nation’s largest retail propane marketer, serving approximately 1.9 million residential, commercial, industrial, agricultural, wholesale and motor fuel customers in all 50 states from approximately 1,900 propane distribution locations. UGI Corporation, through subsidiaries, is the sole General Partner and owns 26% of AmeriGas Partners and the public owns the remaining 74%.

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