secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0000884614-23-000108
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI Utilities issues $250M in senior notes across three tranches with rates 6.02%-6.40%
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000088461423000108/0000884614-23-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000088461423000108/ugi-20231130.htm
  HTML page:      https://secwatch.observer/filing/0000884614-23-000108

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer