secwatch / observer
8-K filed November 20, 2023, 6:59 PM ET ticker UGI CIK 0000884614
debt confidence high sentiment neutral materiality 0.60

UGI CORP /PA/ (UGI): debt financing — AmeriGas Propane reduces revolving credit facility from $600M to $400M, tightens interest coverage covenant

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/ amended revolving credit of reduced to $400 million from $600 million with Wells Fargo Bank, National Association.

Instrument
revolving credit
Principal
reduced to $400 million from $600 million
Counterparty
Wells Fargo Bank, National Association
Event
amendment
Exact text from the filing
The Amendment provides that (a) the revolving loan commitments under the AmeriGas Credit Agreement are reduced to $400 million from $600 million
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

UGI CORP /PA/ amended First Amendment to Credit Agreement with Wells Fargo Bank, National Association, as administrative agent valued at $400 million (effective 2023-11-15).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association, as administrative agent
Value
$400 million
Effective
2023-11-15
Exact text from the filing
(the “Borrower”), a Delaware limited partnership and an indirect, wholly owned subsidiary of UGI Corporation, entered into a First Amendment to Credit Agreement (the “Amendment”), by and among the Borrower, AmeriGas Propane, Inc., a Pennsylvania corporation (the “Parent”), the Lenders party thereto and Wells Fargo Bank, National Association, as administrative agent (the “Agent”), which amended the Credit Agreement, dated as of September 28, 2022, by and among the Borrower, the Parent, the lenders party thereto from time to time (the “Lenders”), and the Agent (as amended, the “AmeriGas Credit Agreement”).
View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

UGI CORP /PA/ filing history →

Source: SEC EDGAR
accession 0000884614-23-000097
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