debt
confidence high
sentiment neutral
materiality 0.60
AmeriGas Partners launches $550M senior notes offering and tender offer for 5.875% 2026 notes
UGI CORP /PA/
- $550M aggregate principal of senior notes due 2030 offered in private placement.
- Concurrent cash tender offer for all outstanding 5.875% Senior Notes due 2026 at $1,010 per $1,000.
- Tender offer expires May 27, 2025; tendered notes may be withdrawn until that date.
- Proceeds from new notes, plus cash on hand, to fully redeem/repurchase the 2026 notes.
- Transactions conditioned on successful debt financing; conditional redemption notice for any untendered 2026 notes.
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