AmeriGas to buy back $200 million notes via common unit proceeds

By Ashley Montgomery

Kansas City, Kan., March 14 - AmeriGas Partners, LP intends to use the proceeds from its sale of 7 million common units to repurchase up to $200 million of its outstanding 6½% senior notes due May 2021.

Including expenses, the company said it would spend $211 million to repurchase the notes.

Proceeds from the common units offering will also be used to reduce other indebtedness and for general corporate purposes.

AmeriGas is a retail propane distributor in King of Prussia, Pa.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.