Simpson Thacher recently represented the initial purchasers, led by Wells Fargo Securities, LLC and BNP Paribas Securities Corp., in connection with a Rule 144A and Reg S offering of $500 million aggregate principal amount of 6.875% Senior Notes due 2031 co-issued by AmeriGas Partners, L.P. (“AmeriGas”) and AmeriGas Finance Corp. (together with AmeriGas, the “Issuers”), each a wholly owned subsidiary of UGI Corporation The Firm also represented BNP Paribas Securities Corp. as dealer manager in connection with concurrent tender offers by the Issuers for any and all of the Issuers’ outstanding 5.750% Senior Notes due 2027 and up to $175 million of the Issuers’ outstanding 9.375% Senior Notes due 2028.
AmeriGas is the largest retail propane marketer in the United States, with approximately 800 million gallons of propane sold annually to over 1.0 million customers from approximately 1,390 locations as of September 30, 2025.
The Simpson Thacher team included Brian Rosenzweig, Richie Ragusa, Suzannah Ranzo, and Nima Mohammadi (Capital Markets); Mike Isby (Environmental); Michael Mann (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Caroline Geiger, Chirstine Song and Alexander Kokka (Intellectual Property); and Jennie Getsin (Blue Sky).