AmeriGas Partners, L.P. and AmeriGas Finance Corp. reported that $224.8 million in aggregate principal amount of their 9.375% Senior Notes due 2028 were validly tendered by the early deadline of their cash tender offer.

The subsidiaries of UGI Corporation (NYSE: UGI) announced the early tender results for their previously disclosed offer to purchase up to $175 million of the outstanding notes. The early tender deadline was 5:00 p.m. New York time on May 22, 2026.

Since the amount tendered exceeded the $175 million maximum, the companies will accept notes on a pro rata basis with a proration factor of approximately 77.9%. Notes not accepted for purchase will be credited back to tendering holders' accounts.

The companies plan to make payment on May 27, 2026, for the accepted notes. Holders will receive $1,023.44 for each $1,000 principal amount tendered, which includes an early tender payment of $30.00 per $1,000 principal amount, plus accrued interest.

The notes have CUSIP numbers 030981AM6 and U03030AB6, with $492.8 million in total principal amount outstanding. Since the offer reached full subscription at the early deadline, no additional notes tendered after the deadline will be accepted.

BNP Paribas Securities Corp. serves as dealer manager for the tender offer, while D.F. King & Co., Inc. acts as tender agent and information agent.