secwatch / observer
8-K filed March 8, 2023, 6:59 PM ET ticker UGI CIK 0000884614
debt confidence high sentiment neutral materiality 0.60

UGI CORP /PA/ (UGI): debt financing — UGI Corp subsidiaries enter €800M multicurrency credit agreement, replace existing facility

UGI CORP /PA/

Key facts

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/ incurred credit facility of €300 million term loan facility and €500 million revolving credit facility with Natixis at euro interbank offered rate plus applicable margin ranging from 1.70% to 3.35% ( maturing the fifth anniversary of the Effective Date.

Instrument
credit facility
Principal
€300 million term loan facility and €500 million revolving credit facility
Counterparty
Natixis
Rate
euro interbank offered rate plus applicable margin ranging from 1.70% to 3.35% (
Maturity
the fifth anniversary of the Effective Date
Event
incurrence
Exact text from the filing
the lenders party thereto and Natixis, as agent, as amended, restated, supplemented or otherwise modified from time to time. The Credit Agreement provides for (i) a €300 million term loan facility (“Facility A”) and (ii) a €500 million revolving credit facility, including a €100 million sublimit for swingline loans (“Facility B”). Borrowings under the
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

UGI CORP /PA/ terminated Multicurrency Facilities Agreement, dated as of October 18, 2018 with Natixis (effective 2023-03-07).

Action
termination
Agreement
credit facility
Counterparty
Natixis
Effective
2023-03-07
Exact text from the filing
In connection with the entering into of the Credit Agreement, UGI International has paid off in full and terminated that certain Multicurrency Facilities Agreement, dated as of October 18, 2018 (the “Existing Credit Agreement”), among UGI International, the lenders party thereto and Natixis, as agent, as amended, restated, supplemented or otherwise modified from time to time.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

UGI CORP /PA/ entered into Multicurrency Facilities Agreement with Natixis valued at €300 million term loan facility ... and ... a €500 million revolving credit facility (effective 2023-03-07).

Action
entry
Agreement
credit facility
Counterparty
Natixis
Value
€300 million term loan facility ... and ... a €500 million revolving credit facility
Effective
2023-03-07
Exact text from the filing
On March 7, 2023 (the “Effective Date”), UGI International, LLC (“UGI International”) and UGI International Holdings B.V. (“UGI BV,” and together with UGI International, each a “Borrower” and together the “Borrowers”), each an indirect wholly owned subsidiary of UGI Corporation, entered into that certain Multicurrency Facilities Agreement (the “Credit Agreement”), by and among UGI International, UGI BV, Natixis, as agent (the “Agent”), and the lenders party thereto.
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UGI CORP /PA/ filing history →

Source: SEC EDGAR
accession 0000884614-23-000033
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