AmeriGas Partners Prices Issuance of New Notes

VALLEY FORGE, Pa.--(BUSINESS WIRE)--

AmeriGas Partners, L.P. APU ("AmeriGas Partners") announced today that it and its wholly owned subsidiary, AmeriGas Finance Corp., will issue $675 million aggregate principal amount of 5.625% Senior Notes due 2024 and $675 million aggregate principal amount of 5.875% Senior Notes due 2026. The proceeds from the offering will be used to finance AmeriGas Partners' tender offers for its outstanding 6.25% Senior Notes due 2019, 6.75% Senior Notes due 2020, and 6.50% Senior Notes due 2021. If any such notes are not tendered, AmeriGas Partners intends to redeem such notes with the proceeds from the offering. Any remaining proceeds will be used for general business purposes. The offering is expected to close on or about June 27, 2016, subject to customary closing conditions.

BofA Merrill Lynch, Citigroup, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers for the offering.

This offering is being made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission, and this offering is being made only by means of a prospectus supplement for this offering and a related base prospectus. Copies of the prospectus supplement and related base prospectus may be obtained by contacting: BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attention: Prospectus Department, Email: dg.prospectus_requests@baml.com; Citigroup Global Markets Inc., 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Broadridge Financial Solutions or by telephone at 800-831-9146; J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, prospectus-eq_fi@jpmchase.com, or by telephone at (866) 803-9204; or Wells Fargo Securities, LLC, at 608 2nd Ave S, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service or by calling 1-800-645-3751 Opt 5 or by email at wfscustomerservice@wellsfargo.com.

This announcement is for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any note in any jurisdiction in which such an offer or solicitation, or the sale of these notes, would be unlawful without registration or qualification under the securities laws of such jurisdiction.

About AmeriGas Partners

AmeriGas Partners is the nation's largest retail propane marketer, serving approximately two million customers in all 50 states from approximately 2,000 distribution locations. UGI Corporation, through subsidiaries, is the sole General Partner and owns 26% of AmeriGas Partners and the public owns the remaining 74%.

This press release contains certain forward-looking statements that 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. You should read AmeriGas Partners' Annual Report on Form 10-K, as amended, for a more extensive list of factors that could affect results. Among them are adverse weather conditions, cost volatility and availability of propane, increased customer conservation measures, the capacity to transport propane to our market areas, the impact of pending and future legal proceedings, political, economic and regulatory conditions in the U.S. and abroad, and our ability to successfully integrate acquisitions and achieve anticipated synergies. AmeriGas Partners undertakes no obligation to release revisions to its forward-looking statements to reflect events or circumstances occurring after today.

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