UGI CORP /PA/ (UGI): debt financing — AmeriGas issues $550M 9.5% senior notes due 2030 to refinance 2026 notes

UGI CORP /PA/

$550M aggregate principal, 9.500% coupon, semi-annual interest starting Dec 1, 2025, maturity 2030.
Net proceeds used to repurchase/ redeem all outstanding 5.875% Senior Notes due 2026.
Issuers are AmeriGas Partners and AmeriGas Finance Corp., indirect wholly owned subsidiaries of UGI Corp.
Notes are senior unsecured joint & several obligations with make-whole call protection and change-of-control put at 101%.

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/ incurred senior notes of $550.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 9.500% maturing due 2030.

Instrument: senior notes
Principal: $550.0 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 9.500%
Maturity: due 2030
Event: incurrence

Exact text from the filing

On May 30, 2025, AmeriGas Partners, L.P. (“AmeriGas Partners”) and AmeriGas Finance Corp. (“Finance Corp.” and, together with AmeriGas Partners, the “Issuers”), indirect, wholly owned subsidiaries of UGI Corporation (the “Company”), issued $550.0 million aggregate principal amount of their 9.500% senior unsecured notes due 2030 (the “2030 Notes” and the offering of the 2030 Notes, the “Offering”).

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Source: SEC EDGAR

accession 0000884614-25-000028

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