{"schema_version":"secwatch.filing_event.v1","accession":"0000884614-23-000108","form_type":"8-K","ticker":"UGI","cik":"0000884614","company_name":"UGI CORP /PA/","filed_at":"2023-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.246415+00:00","generated_at":"2026-06-07T18:27:58.871118+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":"UGI Utilities issues $250M in senior notes across three tranches with rates 6.02%-6.40%","bullets":["$25M Series A 6.02% due Nov 2030, $150M Series B 6.10% due Nov 2033, $75M Series C 6.40% due Nov 2053.","Proceeds will be used to refinance indebtedness and for general corporate purposes.","Notes are unsecured, unsubordinated obligations of UGI Utilities, ranking pari passu with existing debt.","Covenants include debt-to-capitalization ratio ≤0.65, asset sale limit 15% of total assets, and change-in-control put.","Funding occurred on Nov 30, 2023; interest payable semiannually on May 30 and Nov 30."],"urls":{"canonical":"https://secwatch.observer/filing/0000884614-23-000108","json":"https://secwatch.observer/filing/0000884614-23-000108.json","markdown":"https://secwatch.observer/filing/0000884614-23-000108.md","text":"https://secwatch.observer/filing/0000884614-23-000108.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/884614/000088461423000108/0000884614-23-000108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/884614/000088461423000108/ugi-20231130.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T18:27:58.871118+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":"03e943c09cf2cf77eafe46321aa780e6446c236f","claim":"UGI CORP /PA/ incurred senior notes of $25 million aggregate principal amount of 6.02% Senior Notes, Series A with certain persons (the \"Utilities Note Purchasers\") at 6.02% maturing November 30, 2030.","evidence_excerpt":"On November 30, 2023, UGI Utilities, Inc. (“UGI Utilities”), a wholly owned subsidiary of UGI Corporation (the “Company”), entered into a Note Purchase Agreement (the “Utilities Note Purchase Agreement”) with certain persons (the “Utilities Note Purchasers”) relating to the private placement of $25 million aggregate principal amount of 6.02% Senior Notes, Series A, with a maturity date of November 30, 2030","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/884614/000088461423000108/0000884614-23-000108-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$25 million aggregate principal amount of 6.02% Senior Notes, Series A"},{"label":"Counterparty","value":"certain persons (the \"Utilities Note Purchasers\")"},{"label":"Rate","value":"6.02%"},{"label":"Maturity","value":"November 30, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d4602b3fe9213424d9614b74d88be4cb78d861fa","claim":"UGI CORP /PA/ incurred senior notes of $75 million aggregate principal amount of 6.40% Senior Notes, Series C with certain persons (the \"Utilities Note Purchasers\") at 6.40% maturing November 30, 2053.","evidence_excerpt":"$75 million aggregate principal amount of 6.40% Senior Notes, Series C, with a maturity date of November 30, 2053","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/884614/000088461423000108/0000884614-23-000108-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$75 million aggregate principal amount of 6.40% Senior Notes, Series C"},{"label":"Counterparty","value":"certain persons (the \"Utilities Note Purchasers\")"},{"label":"Rate","value":"6.40%"},{"label":"Maturity","value":"November 30, 2053"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f7be15e4b2fc4f126ae71e1dc97efb0b33fb1af2","claim":"UGI CORP /PA/ incurred senior notes of $150 million aggregate principal amount of 6.10% Senior Notes, Series B with certain persons (the \"Utilities Note Purchasers\") at 6.10% maturing November 30, 2033.","evidence_excerpt":"$150 million aggregate principal amount of 6.10% Senior Notes, Series B, with a maturity date of November 30, 2033","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/884614/000088461423000108/0000884614-23-000108-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$150 million aggregate principal amount of 6.10% Senior Notes, Series B"},{"label":"Counterparty","value":"certain persons (the \"Utilities Note Purchasers\")"},{"label":"Rate","value":"6.10%"},{"label":"Maturity","value":"November 30, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b9105f34f3a9dd40c280b6e826c097d5b747a04f","claim":"UGI CORP /PA/ entered into Utilities Note Purchase Agreement with certain persons (the \"Utilities Note Purchasers\") valued at $25 million aggregate principal amount of 6.02% Senior Notes, Series A, $150 million aggregate princ (effective 2023-11-30).","evidence_excerpt":"On November 30, 2023, UGI Utilities, Inc. (“UGI Utilities”), a wholly owned subsidiary of UGI Corporation (the “Company”), entered into a Note Purchase Agreement (the “Utilities Note Purchase Agreement”) with certain persons (the “Utilities Note Purchasers”) relating to the private placement of $25 million aggregate principal amount of 6.02% Senior Notes, Series A, with a maturity date of November 30, 2030 (the “Series A Notes”), $150 million aggregate principal amount of 6.10% Senior Notes, Series B, with a maturity date of November 30, 2033 (the “Series B Notes”), and $75 million aggregate principal amount of 6.40% Senior Notes, Series C, with a maturity date of November 30, 2053 (the “Series C Notes,” and together with the Series A Notes and the Series B Notes, the “Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/884614/000088461423000108/0000884614-23-000108-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain persons (the \"Utilities Note Purchasers\")"},{"label":"Value","value":"$25 million aggregate principal amount of 6.02% Senior Notes, Series A, $150 million aggregate princ"},{"label":"Effective","value":"2023-11-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}