secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0000884614-23-000052
Event type: debt
Sentiment:  neutral
Materiality: 0.10
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI amends credit agreements to replace LIBOR with Term SOFR plus 0.10% spread
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- UGI Corp. and subsidiary UGI Energy Services entered separate amendments to their revolving credit agreements on May 12, 2023.
- Both amendments replace LIBOR as reference rate with Term SOFR plus a credit spread adjustment of 0.10%.
- Interest on borrowings will be at either Term SOFR plus Applicable Rate plus 0.10% or base rate plus Applicable Rate.
- Applicable Rate is based on corporate leverage for UGI Corp. and on UGI Energy Services' leverage; no change in total commitments or maturity.
- The amendments are standard LIBOR transition actions with no new borrowing or financial impact disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000088461423000052/0000884614-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000088461423000052/ugi-20230512.htm
  HTML page:      https://secwatch.observer/filing/0000884614-23-000052

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