{"schema_version":"secwatch.filing_event.v1","accession":"0000884614-23-000097","form_type":"8-K","ticker":"UGI","cik":"0000884614","company_name":"UGI CORP /PA/","filed_at":"2023-11-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.246216+00:00","generated_at":"2026-06-07T23:40:07.676199+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"AmeriGas Propane reduces revolving credit facility from $600M to $400M, tightens interest coverage covenant","bullets":["AmeriGas Propane, a UGI subsidiary, amended its credit agreement on Nov 15, 2023, cutting revolving commitments from $600M to $400M.","Minimum Interest Coverage Ratio set at 2.50x for quarters ending Sep 30, 2023 through Sep 30, 2024.","After Sep 30, 2024, minimum Interest Coverage steps to 2.75x if leverage >=5.00x, else 2.50x.","The amendment tightens financial covenants while reducing available borrowing capacity."],"urls":{"canonical":"https://secwatch.observer/filing/0000884614-23-000097","json":"https://secwatch.observer/filing/0000884614-23-000097.json","markdown":"https://secwatch.observer/filing/0000884614-23-000097.md","text":"https://secwatch.observer/filing/0000884614-23-000097.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/884614/000088461423000097/0000884614-23-000097-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/884614/000088461423000097/ugi-20231115.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T23:40:07.676199+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"864c2c5ee2c1d2e300941b7e140724035754dc7b","claim":"UGI CORP /PA/ amended revolving credit of reduced to $400 million from $600 million with Wells Fargo Bank, National Association.","evidence_excerpt":"The Amendment provides that (a) the revolving loan commitments under the AmeriGas Credit Agreement are reduced to $400 million from $600 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/884614/000088461423000097/0000884614-23-000097-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"reduced to $400 million from $600 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"ec9a5510528b6fc9a64648e42feeab172e9a6a01","claim":"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).","evidence_excerpt":"(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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/884614/000088461423000097/0000884614-23-000097-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as administrative agent"},{"label":"Value","value":"$400 million"},{"label":"Effective","value":"2023-11-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}