Fitch Rates AmeriGas’ Sr. Unsecured Note Offering ‘BB/RR3’

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned a ‘BB/RR3’ rating to AmeriGas Partners, LP’s (APU) senior unsecured note offering due 2025. The notes are being co-issued with AmeriGas Finance Corp. Proceeds are expected to be used to repay in part AmeriGas Finance’s outstanding notes due in 2022, guaranteed by APU, and for general partnership purposes. Fitch believes the proposed debt tender transaction to be marginally positive for APU, with the potential for modest interest savings and