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Published on 6/20/2016 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

AmeriGas tenders for its $1.27 billion of 6¼%, 6½%, 6¾% notes

New York, June 20 – AmeriGas Partners, LP announced a cash tender offer to buy all of its $450 million of 6¼% senior notes due 2019, its $550 million of 6¾% senior notes due 2020 and its $270 million of 6½% senior notes due 2021.

The company is offering to pay $1,023.25 per $1,000 principal amount for the 6¼% notes, $1,037.40 for the 6¾% notes and $1,036.00 for the 6½% notes.

Holders will also receive accrued interest up to but excluding the settlement date.

The tender ends at 5 p.m. ET on June 24.

Completion of the tender is subject to conditions that include the receipt of proceeds from a new debt financing. AmeriGas announced an offering of $1.35 billion of senior notes due 2024 and 2026 on Monday morning.

BofA Merrill Lynch (888 292-0070 or 980 388-3646) is dealer manager. D.F. King & Co., Inc. (800 283-3192, 212 269-5550 or www.dfking.com/amerigas) is depositary and information agent.

AmeriGas is a Valley Forge, Pa., retail marketer of propane.


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