---
schema_version: "secwatch.filing_event.v1"
accession: "0000884614-23-000088"
form_type: "8-K"
ticker: "UGI"
cik: "0000884614"
company_name: "UGI CORP /PA/"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T12:46:04.937487+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# UGI Corp subsidiary amends receivables facility; extends term, increases limit to $200M

## Summary
- Amended Receivables Purchase Agreement extends Facility Termination Date to October 18, 2024.
- Purchase limit increased to $200M through April 30, 2024, then $100M (previously $150M/$75M).
- Borrowing margin increased to 0.90% under the amended facility.
- Amendment provides expanded flexibility on certain covenant ratios.

## SEC filing metadata
- accession: 0000884614-23-000088
- form_type: 8-K
- ticker: UGI
- cik: 0000884614
- company_name: UGI CORP /PA/
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884614/000088461423000088/0000884614-23-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884614/000088461423000088/ugi-20231020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000884614-23-000088
- JSON: https://secwatch.observer/filing/0000884614-23-000088.json
- Plain text: https://secwatch.observer/filing/0000884614-23-000088.txt

## Key facts
- Material Agreements
  UGI CORP /PA/ amended Receivables Purchase Agreement Amendment No. 24 with PNC Bank, National Association valued at Amendment extends Facility Termination Date to October 18, 2024; Purchase Limit set at $200,000,000 (effective 2023-10-20).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association
  - Value: Amendment extends Facility Termination Date to October 18, 2024; Purchase Limit set at $200,000,000
  - Effective: 2023-10-20
  source text: On October 20, 2023 (the “Effective Date”), UGI Energy Services, LLC (“UGIES”), a Pennsylvania limited liability company and an indirect, wholly owned subsidiary of UGI Corporation (the “Registrant”), and Energy Services Funding Corporation, a wholly owned special purpose subsidiary of UGIES (“ESFC”), entered into that certain Amendment No. 24 (the “Amendment”) to the Receivables Purchase Agreement, dated as of November 30, 2001 (as amended, supplemented or modified from time to time, the “RPA”), among UGIES, as servicer, ESFC, as seller, and PNC Bank, National Association, as issuer and administrator (“PNC”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/884614/000088461423000088/0000884614-23-000088-index.htm

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