secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0001104659-24-063078
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI sub enters $300M revolver due 2028, replaces prior facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000110465924063078/0001104659-24-063078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000110465924063078/tm2414803d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-063078

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