AmeriGas launches cash tender for up to $200 million 6½% notes

By Jennifer Chiou

New York, March 15 - AmeriGas Partners, LP announced the start of its cash tender offer for up to $200 million of its $470 million of outstanding 6½% senior notes due May 2021.

The company is offering $1,050 per $1,000 principal amount, including a $30.00 early participation payment for those who tender prior to 5 p.m. ET on March 27.

AmeriGas will also pay accrued interest.

The offer is set to end at 11:59 p.m. ET on April 10. Settlement is anticipated for April 11.

As reported, the company intends to use the proceeds from its sale of 7 million common units to fund the offer.

Credit Suisse Securities (USA) LLC is the dealer manager (800 820-1653 or 212 538-2147). D.F. King & Co., Inc. is the information agent (800 697-6975 or 212 269-5550).

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

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