AmeriGas Partners, L.P.: Covenant Quality Post-Sale Snapshot: $500m 9.375% Senior Notes due 2028
AmeriGas Partners, L.P.'s covenant package provides weak protection, reflecting a CQ score of 3.90.AmeriGas Partners is a holding company. Through its operating partnership, AmeriGas Propane, L.P., the company is engaged as a retail propane distributor. The company serves residential, commercial, industrial, agricultural, wholesale and motor fuel customers from several propane distribution locations. In addition to distributing propane, the company also sells, installs and services propane appliances, including heating systems and propane-powered generators. As part of its overall transportation and distribution infrastructure, the company operates as an interstate carrier throughout the continental U.S.
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