Printer Friendly
The Free Library
19,595,263 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

AmeriGas Partners, L.P. Announces Pricing of 2.3 Million Common Unit Offering.


VALLEY FORGE, Pa. -- AmeriGas Propane, Inc., general partner of AmeriGas Partners, L.P. (NYSE NYSE

See: New York Stock Exchange
: APU APU Azusa Pacific University
APU Auxiliary Power Unit
APU Alaska Pacific University
APU Asia Pacific University (Japan)
APU American Public University
APU Anglia Polytechnic University (Chelmsford) 
), announced that AmeriGas Partners agreed to sell 2,300,000 common units, representing limited partner interests, at a public offering price of $33.00 per unit, in an underwritten offering Underwritten offering

A purchase and sale.
 being managed by Citigroup Global Markets Inc. and Wachovia Capital Markets, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 that is scheduled to close on September 13, 2005.

AmeriGas Partners also has granted to the underwriters an option to purchase up to an additional 345,000 common units to cover over-allotments at $33.00 per unit, less the underwriting discount. The net proceeds Net Proceeds

The amount received after all costs are deducted from the sale of a piece of property or security.

Notes:
In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions).
 to AmeriGas Partners of approximately $72.4 million, or $83.3 million if the over-allotment option is exercised, will be used to reduce indebtedness under its bank credit agreement and for general partnership purposes.

Copies of the final prospectus Final Prospectus

A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors.

Notes:
The final prospectus must be given to every investor who purchases a new issue of registered securities.
 relating to this offering may be obtained from the offices of Citigroup Global Markets Inc., 140 58th Street, Brooklyn, NY 11220, Attention: Prospectus Dept., Floor 8-I, or from Wachovia Capital Markets, LLC, 7 St. Paul Street, 1st Floor, Baltimore, MD 21202, Attention: Syndicate Department.

AmeriGas Partners is the nation's largest retail propane distributor, serving nearly 1.3 million customers from over 650 locations in 46 states. UGI UGI
abbr.
upper gastrointestinal (as in series)
 Corp. (NYSE: UGI), through its subsidiaries, will own approximately 44 percent of the Partnership and individual unitholders will own the remaining 56 percent assuming that the over-allotment option is not exercised.

Comprehensive information about AmeriGas is available on the Internet at http://www.amerigas.com.

This press release contains certain forward-looking statements which management believes to be reasonable as of today's date only. The Partnership undertakes no obligation to release revisions to its forward-looking statements to reflect events or circumstances occurring after today except as required by federal securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Sep 8, 2005
Words:353
Previous Article:Logan Resources Identifies Two Large Anomalys On Shell Creek Property.
Next Article:ABM Industries Announces Third Quarter Financial Results; Company Achieves 68% Increase in Income From Continuing Operations; Company Raises Fiscal...
Topics:



Related Articles
AmeriGas Partners Reports Second Quarter Earnings.
AmeriGas Partners Prices Offering of 2.3 Million Common Units.
AmeriGas Partners Prices Offering of 4.2 Million Common Units.
AmeriGas Partners Reports Lower First Quarter Results Due To Warmer Winter Weather.
AmeriGas $40MM Senior Notes Rated 'BB+' By Fitch Ratings.
AmeriGas Partners Prices Offering of 2.9 Million Common Units.
AmeriGas Propane Declares Partnership Distribution.
AmeriGas Partners Reports Record 2003 Results.
AmeriGas Partners, L.P. Announces Pricing of 2.0 Million Common Unit Offering.
AmeriGas Partners Reports Third Quarter Results, Affirms 2006 Guidance.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles