AmeriGas Partners Prices New Issue of Notes at 7.125%.VALLEY FORGE Valley Forge, on the Schuylkill River, SE Pa., NW of Philadelphia. There, during the American Revolution, the main camp of the Continental Army was established (Dec., 1777–June, 1778) under the command of Gen. George Washington. , 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 today that the Partnership will issue $350 million of senior notes on January 26, 2006 with an interest rate of 7.125%. The proceeds from the issuance will be used to finance the Partnership's tender offer for its outstanding 10% Senior Notes due 2006 and to repay the Series A and Series C First Mortgage Notes and a bank term loan of its operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , AmeriGas Propane, L. P. The notes are registered under the Securities Act of 1933, as amended. AmeriGas Partners is the nation's largest retail propane marketer, serving nearly 1.3 million customers from 650 locations in 46 states. UGI Corporation (NYSE:UGI UGI abbr. upper gastrointestinal (as in series) ), through subsidiaries, owns 44% of the Partnership and individual unitholders own the remaining 56%. This press release contains certain forward-looking statements which management believes to be reasonable as of today's date only. Actual results may differ significantly because of risks and uncertainties that are difficult to predict and many of which are beyond management's control. Among them are adverse weather conditions and product cost volatility. You should read the Partnership's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for a more extensive list of factors that could affect results. The Partnership undertakes no obligation to release revisions to its forward-looking statements to reflect events or circumstances occurring after today. Comprehensive information about AmeriGas is available on the Internet at www.amerigas.com. |
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