AmeriGas Partners Announces Pricing of Energy Transfer Affiliate's AmeriGas Common Units

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

AmeriGas Partners, L.P. APU announced today that Heritage ETC, L.P. (the “Selling Unitholder”), an affiliate of Energy Transfer Partners, L.P., has priced a public underwritten offering of 8,500,000 AmeriGas common units at a price to the public of $45.80 per unit. The underwriters have an option to purchase up to 1,242,362 additional common units at the public offering price less the underwriting discount. The offering is expected to close on June 17, 2014, subject to customary closing conditions. AmeriGas will not receive any proceeds from the sale of the common units by the Selling Unitholder.

Citigroup, Morgan Stanley, UBS Investment Bank, Barclays, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan, RBC Capital Markets and Wells Fargo Securities are acting as joint book-running managers for the common units offering. Ladenburg Thalmann & Co. is acting as co-manager for the common units offering.

A copy of the prospectus supplement relating to the offering may be obtained from:

Citigroup Global Markets Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Phone: (800) 831-9146 E-mail: batprospectusdept@citi.com				Morgan Stanley & Co. LLC ATTN: Prospectus Department 180 Varick Street, 2nd Floor New York, NY 10014 E-mail: prospectus@morganstanley.com
UBS Investment Bank ATTN: Prospectus Department 299 Park Avenue New York, NY 10171 Phone: (888) 827-7275				Barclays c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 E-mail: Barclaysprospectus@broadridge.com Phone: (888) 603-5847
Credit Suisse Securities (USA) LLC ATTN: Prospectus Department One Madison Avenue, Level 1B New York, NY 10010 Phone: 1-800-221-1037 newyork.prospectus@credit-suisse.com				Deutsche Bank Securities ATTN: Prospectus Group 60 Wall Street New York, NY 10005-2836 Email: prospectus.CPDG@db.com Phone: (800) 503-4611
Goldman, Sachs & Co. 200 West Street New York, NY 10282 Email: prospectus-ny@gs.com Phone: (866) 471-2526				J.P. Morgan Securities LLC c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Phone: (866) 803-9204
RBC Capital Markets ATTN: Equity Syndicate 3 World Financial Center 200 Vesey Street, 8th Fl New York, NY 10281 Phone: (877) 822-4089				Wells Fargo Securities ATTN: Equity Syndicate Dept. 375 Park Avenue New York, NY 10152 Email: cmclientsupport@wellsfargo.com Phone: (800) 326-5897

This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, common units in any jurisdiction in which such an offer or solicitation, or the sale of common units, would be unlawful without registration or qualification under the securities laws of such jurisdiction.

About AmeriGas Partners, L.P.

AmeriGas is the nation's largest retail propane marketer, serving over two million customers in all 50 states from over 2,500 distribution locations. UGI Corporation, through subsidiaries, is the sole General Partner and owns 26% of the Partnership. Prior to this offering, Heritage ETC, L.P., an affiliate of Energy Transfer Partners, L.P., owns 14% of the Partnership and the public owns the remaining 60%.