secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001104659-24-068944
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI Corp. proposes $600M convertible note offering due 2028
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- Intends to offer $600M aggregate principal of convertible senior notes due 2028; underwriters option for extra $90M.
- Notes are senior unsecured, pay interest semi-annually, mature June 1, 2028, convertible into cash and possibly shares.
- Net proceeds to refinance existing debt, including UGI senior credit facility, and for general corporate purposes.
- Interest rate, initial conversion rate, and other terms to be determined at pricing.
- Offering is private to QIBs under Rule 144A; notes not registered under Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000110465924068944/0001104659-24-068944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000110465924068944/tm2416498d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-068944

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