AmeriGas Partners $525 million 5.75% notes issue

Overview:

• Propane distributor AmeriGas Partners has completed a $525 million 5.75% notes offering.
• AmeriGas also concurrently made a cash offer for all outstanding 7.0% senior notes due 2022.
• The proceeds will be used in relation to existing debt and for general corporate purposes.
• Joint bookrunning managers were JP Morgan Securities, Wells Fargo Securities, Citigroup Global Markets, and Merrill Lynch Pierce Fenner & Smith.

Kurt Stumpo - Journalist