Davis Polk advised Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, UBS Securities LLC, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC as representatives and joint book-running managers in connection with an SEC-registered secondary offering of 8,500,000 common units representing limited partner interests of AmeriGas Partners, L.P., sold by a subsidiary of Energy Transfer Partners, L.P. for an aggregate price to the public of $389.3 million.

Headquartered in King of Prussia, Pennsylvania, AmeriGas Partners is the largest retail propane distributor in the United States based on the volume of propane gallons distributed annually, and serves primarily residential, commercial/industrial, motor fuel, agricultural and wholesale customers in all 50 states.

The Davis Polk corporate team included partner Michael Kaplan, counsel Jean Weng, associate Ravi P. Ramchandani and law clerks Shaun Levor and Rui (Ray) Xu. The tax team included partner Neil Barr and associate William A. Curran. The environmental team included counsel Betty Moy Huber and associate Amy E. Turner. All members of the Davis Polk team are based in the New York office.