Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
UGI CORP /PA/ amended revolving credit of $425,000,000 with PNC Bank, National Association at Term SOFR plus the applicable margin plus a credit spread adjustment of 0.10% or.
- Instrument
- revolving credit
- Principal
- $425,000,000
- Counterparty
- PNC Bank, National Association
- Rate
- Term SOFR plus the applicable margin plus a credit spread adjustment of 0.10% or
- Event
- amendment
Exact text from the filing
On December 13, 2022, UGI Utilities, Inc. (“UGI Utilities”), a wholly owned subsidiary of UGI Corporation (the “Company”), entered into that certain First Amendment to Credit Agreement (the “Amendment”), by and among PNC Bank, National Association, as administrative agent, UGI Utilities and certain lenders party thereto, which amended UGI Utilities’ Credit Agreement, dated as of June 27, 2019 (as amended, the “Revolving Credit Agreement”). The Amendment provides, among other items, that: (i) the commitments under the Revolving Credit Agreement are increased by $75,000,000, for an aggregate of $425,000,000 in commitments thereunder, (ii) Term SOFR (as defined in the Revolving Credit Agreement) shall replace LIBOR as a reference rate and (iii) the Revolving Credit Agreement shall bear interest at a floating rate of, at UGI Utilities’ option, either (x) Term SOFR plus the applicable margin plus a credit spread adjustment of 0.10% or (y) the base rate plus the applicable margin.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
UGI CORP /PA/ amended First Amendment to Credit Agreement with PNC Bank, National Association, as administrative agent, and certain lenders valued at $75,000,000 (effective 2022-12-13).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association, as administrative agent, and certain lenders
- Value
- $75,000,000
- Effective
- 2022-12-13
Exact text from the filing
On December 13, 2022, UGI Utilities, Inc. (“UGI Utilities”), a wholly owned subsidiary of UGI Corporation (the “Company”), entered into that certain First Amendment to Credit Agreement (the “Amendment”), by and among PNC Bank, National Association, as administrative agent, UGI Utilities and certain lenders party thereto, which amended UGI Utilities’ Credit Agreement, dated as of June 27, 2019 (as amended, the “Revolving Credit Agreement”).
View on SEC.gov