secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0000884614-23-000033
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI Corp subsidiaries enter €800M multicurrency credit agreement, replace existing facility
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000088461423000033/0000884614-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000088461423000033/ugi-20230307.htm
  HTML page:      https://secwatch.observer/filing/0000884614-23-000033

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