UPDATE: AmeriGas Partners to Issue $1.55B in Notes

AmeriGas Partners, L.P. APU today announced that its wholly owned subsidiaries, AmeriGas Finance Corp. and AmeriGas Finance LLC, intend to offer, subject to market and other conditions, $1.55 billion aggregate principal amount of senior notes due 2020 and 2022 in a registered public offering. The notes will be fully and unconditionally guaranteed by AmeriGas Partners. The net proceeds from the offering will be used to finance the previously announced acquisition of the propane operations of Energy Transfer Partners, L.P. (the “Heritage Acquisition”), to pay expenses for the Heritage Acquisition and for general corporate purposes, including to pay down borrowings outstanding under the bank credit agreement of AmeriGas Partners' operating partnership, AmeriGas Propane, L.P. To the extent the notes offering closes before the Heritage Acquisition, proceeds will be placed into escrow until such time as the acquisition closes. AmeriGas Partners and the Issuers have registered the notes and the guarantees on a registration statement on Form S-3 (including a prospectus) filed with the Securities and Exchange Commission (the “SEC”). Before you invest, you should read the prospectus in that registration statement and the supplement thereto and the other documents that AmeriGas Partners has filed with the SEC for more complete information about AmeriGas Partners and this offering. These documents are available at no charge by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, these documents will be made available upon request by AmeriGas Partners or by any underwriter or dealer participating in the offering.