secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0000884614-22-000067
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI Utilities boosts revolver by $75M to $425M, replaces LIBOR with Term SOFR
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- UGI Utilities increased revolving credit commitments by $75M to $425M on Dec 13, 2022.
- Term SOFR replaced LIBOR as reference rate; credit spread adjustment of 0.10% added.
- Interest rate options remain unchanged: base rate plus margin (0.0%-0.75%) or Term SOFR plus margin (0.875%-1.75%).
- Amendment includes transitional arrangements for outstanding loans and letters of credit.
- No default existed before or after amendment; representations and warranties reaffirmed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000088461422000067/0000884614-22-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000088461422000067/ugi-20221213.htm
  HTML page:      https://secwatch.observer/filing/0000884614-22-000067

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