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AmeriGas To Raise $470M In Debt Sale

AmeriGas Partners and its subsidiary, AmeriGas Finance, will issue $470 million in senior notes due in 2021.

AmeriGas Partners and its subsidiary, AmeriGas Finance,will issue $470 million in senior notes due in 2021. The proceeds from the note sale are expected to be used to fund its outstanding 7.25% senior notes due in 2015.

The proceeds will also help redeem the borrowings outstanding under bank credit agreements of AmeriGas Propane. Credit Suisse Securities (USA), JP Morgan Securities, RBS Securities, Wells Fargo Securities and Citigroup Global Markets will act as joint book-running managers.

Click here for the release from Business Wire.

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