VALLEY FORGE, Pa.--(BUSINESS WIRE)--AmeriGas Partners, L.P. (NYSE: APU) announced today that Heritage ETC, L.P., an affiliate of Energy Transfer Partners, L.P., has commenced a public underwritten offering, subject to market and other conditions, of 8,500,000 AmeriGas common units that it currently holds.
Citigroup, Morgan Stanley, UBS Investment Bank, Barclays, Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co., J.P. Morgan, RBC Capital Markets and Wells Fargo Securities will act as joint book-running managers for the common units offering. Ladenburg Thalmann & Co. will act as co-manager for the common units offering. Pursuant to an option to purchase, the underwriters may purchase up to 1,242,362 additional common units from Heritage ETC, L.P., which would encompass all remaining units beneficially owned by Heritage ETC, L.P., except for the 3,125,000 AmeriGas common units that Heritage ETC, L.P. transferred to Evergreen Assurance, LLC, a captive insurance company and wholly-owned indirect subsidiary of Energy Transfer Partners, L.P.
When available, a copy of the prospectus supplement relating to the offering may be obtained from:
|Citigroup Global Markets Inc.||Morgan Stanley & Co. LLC|
|c/o Broadridge Financial Solutions||ATTN: Prospectus Department|
|1155 Long Island Avenue||180 Varick Street, 2nd Floor|
|Edgewood, NY 11717||New York, NY 10014|
|Phone: (800) 831-9146||
|UBS Investment Bank||Barclays|
|ATTN: Prospectus Department||c/o Broadridge Financial Solutions|
|299 Park Avenue||1155 Long Island Avenue|
|New York, NY 10171||Edgewood, NY 11717|
|Phone: (888) 827-7275|
|Phone: (888) 603-5847|
|Credit Suisse||Deutsche Bank Securities|
|ATTN: Prospectus Department||ATTN: Prospectus Group|
|Eleven Madison Avenue, Level 1B||60 Wall Street|
|New York, NY 10010||New York, NY 10005-2836|
|Phone: (800) 503-4611|
|Goldman, Sachs & Co.||J.P. Morgan Securities LLC|
|200 West Street||c/o Broadridge Financial Solutions|
|New York, NY 10282||1155 Long Island Avenue|
|Edgewood, NY 11717|
|Phone: (866) 471-2526||Phone: (866) 803-9204|
|RBC Capital Markets||Wells Fargo Securities|
|ATTN: Equity Syndicate||ATTN: Equity Syndicate Dept.|
|3 World Financial Center||375 Park Avenue|
200 Vesey Street, 8th Fl
|New York, NY 10152|
|New York, NY 10281|
|Phone: (877) 822-4089||Phone: (800) 326-5897|
This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, 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. Any offer to sell, or solicitation of an offer to buy, will be made solely by means of a prospectus and related prospectus supplement filed with the SEC.
About AmeriGas Partners, L.P.
AmeriGas is the nation’s largest retail propane marketer, serving over two million customers in all 50 states from over 2,500 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 14% of the Partnership and the public owns the remaining 60%.