---
schema_version: "secwatch.filing_event.v1"
accession: "0000884614-23-000033"
form_type: "8-K"
ticker: "UGI"
cik: "0000884614"
company_name: "UGI CORP /PA/"
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T09:08:37.207013+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# UGI Corp subsidiaries enter €800M multicurrency credit agreement, replace existing facility

## Summary
- New agreement provides €300M term loan (Facility A) and €500M revolving credit (Facility B) with €100M swingline sublimit.
- Proceeds used to refinance existing €800M credit agreement; available for working capital and general corporate purposes.
- Interest margins range from 1.35% to 3.35% depending on net leverage; matures March 2028 (5 years from March 7, 2023).
- Financial covenant: consolidated net leverage ratio ≤3.85x (up to 4.25x for two quarters after permitted acquisitions).

## SEC filing metadata
- accession: 0000884614-23-000033
- form_type: 8-K
- ticker: UGI
- cik: 0000884614
- company_name: UGI CORP /PA/
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884614/000088461423000033/0000884614-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884614/000088461423000033/ugi-20230307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000884614-23-000033
- JSON: https://secwatch.observer/filing/0000884614-23-000033.json
- Plain text: https://secwatch.observer/filing/0000884614-23-000033.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/884614/000088461423000033/0000884614-23-000033-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/884614/000088461423000033/0000884614-23-000033-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/884614/000088461423000033/0000884614-23-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.