{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-063078","form_type":"8-K","ticker":"UGI","cik":"0000884614","company_name":"UGI CORP /PA/","filed_at":"2024-05-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.293425+00:00","generated_at":"2026-06-01T18:07:28.125167+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"UGI sub enters $300M revolver due 2028, replaces prior facility","bullets":["UGI Energy Services new $300M senior secured revolver, maturity May 14, 2028; option to increase to $375M.","Interest: ABR +0.75%-1.75% or Term SOFR +1.75%-2.75% based on leverage ratio; L/C sublimit $50M.","Covenants: max total leverage 4.00x (4.50x during acquisition period), min interest coverage 3.50x.","Facility is secured by substantially all assets of UGIES and certain subsidiaries; cross-acceleration triggers.","Replaces prior $300M Third Amended and Restated Credit Agreement dated March 2020."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-063078","json":"https://secwatch.observer/filing/0001104659-24-063078.json","markdown":"https://secwatch.observer/filing/0001104659-24-063078.md","text":"https://secwatch.observer/filing/0001104659-24-063078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/884614/000110465924063078/0001104659-24-063078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/884614/000110465924063078/tm2414803d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T18:07:28.125167+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":"5ab8d37b9f57817b6829c9deb4f95bdcd08dadc8","claim":"UGI CORP /PA/ entered into Fourth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, PNC Bank, National Association, as syndication agent, Citizens Bank, N.A., MUFG Bank Ltd. and Wells Fargo Bank, National Association, as co-documentation agents, JPMorgan Chase Bank, N.A., Citizens Bank, N.A., MUFG Bank Ltd., PNC Capital Markets LL valued at $300 million senior secured revolving credit facility (effective 2024-05-14).","evidence_excerpt":"On May 14, 2024 (the “Effective Date”), UGI Energy Services, LLC (“UGIES”), a Pennsylvania limited liability company and an indirect, wholly owned subsidiary of UGI Corporation, entered into that certain Fourth Amended and Restated Credit Agreement (the “Revolving Credit Agreement”), by and among UGIES, JPMorgan Chase Bank, N.A., as administrative agent, PNC Bank, National Association, as syndication agent, Citizens Bank, N.A., MUFG Bank Ltd. and Wells Fargo Bank, National Association, as co-documentation agents, JPMorgan Chase Bank, N.A., Citizens Bank, N.A., MUFG Bank Ltd., PNC Capital Markets LLC and Wells Fargo Bank, National Association, as joint bookrunners and joint lead arrangers and the financial institutions from time to time party thereto as lenders (collectively, the “Lenders”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/884614/000110465924063078/0001104659-24-063078-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, PNC Bank, National Association, as syndication agent, Citizens Bank, N.A., MUFG Bank Ltd. and Wells Fargo Bank, National Association, as co-documentation agents, JPMorgan Chase Bank, N.A., Citizens Bank, N.A., MUFG Bank Ltd., PNC Capital Markets LL"},{"label":"Value","value":"$300 million senior secured revolving credit facility"},{"label":"Effective","value":"2024-05-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}