UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
November 21, 2002
(Date of Report)
AmeriGas Partners, L.P.
AP Eagle Finance Corp.
(Exact name of registrants as specified in their charters)
Delaware Delaware | 1-13692 33-72986-01 | 23-2787918 23-3077318 | ||
(State or other jurisdiction of incorporation) | (Commission File No.) | (I.R.S. Employer Identification No.) |
460 North Gulph Road
King of Prussia, Pennsylvania 19406
(Address of principal executive offices) (Zip Code)
(610) 337-7000
(Registrants’ telephone number, including area code)
Item 5. Other Events.
On November 20, 2002, AmeriGas Propane, Inc., general partner of AmeriGas Partners, L.P. (NYSE: APU), reported earnings for AmeriGas Partners, L.P. for the fiscal year ended September 30, 2002 and for the three months ended September 30, 2002. The news release is included as an exhibit to this report and is incorporated herein by reference.
There follows summary financial information as of September 30, 2002 and 2001 for AmeriGas Partners, L.P. and its operating partnerships (“OLP”):
As of September 30, | ||||||
2002 | 2001 | |||||
(in thousands) | ||||||
| Cash and cash equivalents | $ | 47,400 | $ | 32,489 | ||
| OLP revolving credit facility | $ | 10,000 | $ | – | ||
| OLP long-term debt (including current maturities of $60,398 and $87,178, respectively) | $ | 559,457 | $ | 646,175 | ||
| Senior notes | $ | 386,327 | $ | 359,729 | ||
| Total long-term debt | $ | 945,784 | $ | 1,005,904 | ||
| Partners’ capital | $ | 228,366 | $ | 203,505 | ||
AmeriGas Partners, L.P. and AP Eagle Finance Corp. are planning to issue $88.0 million of 8 7/8% Series C Senior Notes due 2011 to redeem the remaining $85.0 million of 10 1/8% Senior Notes due 2007 at 102.25% of par. The securities to be issued will not be registered under the Securities Act of 1933 and will not be eligible for offer or sale in the United States absent registration or an applicable exemption from registration under the Securities Act. As of September 30, 2002, the OLP had $143.6 million available under its bank credit facilities. As of September 30, 2002, AmeriGas Partners, L.P. had outstanding aggregate principal amounts of $85.0 million of 10 1/8% Senior Notes due 2007, $60.0 million of 10% Senior Notes due 2006, and $240.0 million of 8 7/8% Senior Notes due 2011.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press release of AmeriGas Partners, L.P. issued November 20, 2002.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
AMERIGAS PARTNERS, L.P. (Registrant) By: AmeriGas Propane, Inc., its general partner | ||||||||
| Date: November 21, 2002 | By: /s/ Robert W. Krick | |||||||
Name: Robert W. Krick Title: Treasurer | ||||||||
AP EAGLE FINANCE CORP. (Registrant) | ||||||||
| Date: November 21, 2002 | By: /s/ Robert W. Krick | |||||||
Name: Robert W. Krick Title: Treasurer | ||||||||
EXHIBIT INDEX
Exhibit Number | Description | |
| 99.1 | Press release of AmeriGas Partners, L.P. issued November 20, 2002. |