UGI CORP /PA/ (UGI): debt financing — UGI's AmeriGas unit issues $500M 6.875% notes, tenders for 2028 notes, redeems 2027 notes

UGI CORP /PA/

Issued $500M 6.875% senior notes due 2031; proceeds to redeem 2027 notes and tender up to $175M of 2028 notes.
Redeemed $468.47M of 5.75% 2027 notes at $1,011.18 per $1,000; full redemption on June 10, 2026.
Early tender results: $224.77M of 9.375% 2028 notes tendered; $175M accepted at 77.9% pro-rata; payment May 27.
Use of proceeds also includes repaying $150M intercompany loan to UGI International.

item 1.01 item 1.02 item 2.03 item 8.01 item 9.01

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 $500.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 6.875% maturing due 2031.

Instrument: senior notes
Principal: $500.0 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.875%
Maturity: due 2031
Event: incurrence

Exact text from the filing

On May 20, 2026, 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 $500.0 million aggregate principal amount of their 6.875% senior unsecured notes due 2031 (the “2031 Notes” and the offering of the 2031 Notes, the “Offering”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

UGI CORP /PA/ entered into 2031 Notes Indenture with U.S. Bank Trust Company, National Association valued at $500.0 million aggregate principal amount (effective 2026-05-20).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $500.0 million aggregate principal amount
Effective: 2026-05-20

Exact text from the filing

On May 20, 2026, 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 $500.0 million aggregate principal amount of their 6.875% senior unsecured notes due 2031 (the “2031 Notes” and the offering of the 2031 Notes, the “Offering”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

UGI CORP /PA/ terminated 2027 Notes valued at $468,471,000 in aggregate principal amount (effective 2026-05-20).

Action: termination
Agreement: notes offering
Value: $468,471,000 in aggregate principal amount
Effective: 2026-05-20

Exact text from the filing

On May 20, 2026, the Issuers accepted for purchase (and purchased) the 2027 Notes validly tendered as of the expiration for a total consideration of $1,011.18 for each $1,000 principal amount of the 2027 Notes tendered, plus accrued and unpaid interest up to, but excluding, May 20, 2026.

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Source: SEC EDGAR

accession 0000884614-26-000037

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