AmeriGas Partners Announces Completion of Tender Offer and Issuance of $415 million of 7.25% Senior Notes due 2015.VALLEY FORGE, Pa. -- 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) ) (the "Partnership") today announced that the tender offer and consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with for its outstanding 8.875% Series B Senior Notes due 2011 (CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. No. 03073KAC5) (the "Notes") expired at 5:00 P.M., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on May 2, 2005. The Partnership accepted for purchase all of the approximately $373 million aggregate principal amount of the Notes tendered, representing 96% of the total principal amount outstanding. Approximately $14.6 million aggregate principal amount of Notes remain outstanding. Pursuant to the Partnership's Offer to Purchase and Consent Solicitation Statement, dated April 4, 2005, the supplemental indenture relating to the Notes, dated as of April 13, 2005, became effective (and the amendments contained therein became operative) upon acceptance of the Notes for purchase. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control acted as the Dealer Manager and Solicitation Agent for the tender offer. The Partnership and AmeriGas Finance Corp., as co-issuer, today also announced the completion of a private placement of $415 million of 7.25% Senior Notes due 2015. The notes have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. Net proceeds of the offering were used to fund the purchase of the Notes pursuant to the tender offer. This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. About AmeriGas Partners, L.P. Through its subsidiaries, the Partnership is the largest retail propane distributor in the United States. The Partnership serves residential, commercial, industrial, agricultural and motor fuel customers from over 650 retail locations in 46 states. Comprehensive information about AmeriGas is available on the Internet at http://www.amerigas.com. |
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