secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2024-06-07T23:59:59+00:00
Accession:  0001104659-24-069203
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI Corp. prices upsized $610M 5% convertible notes due 2028, conversion at $27.60
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- Offering increased from $600M to $610M; initial purchasers have option for additional $90M.
- Notes bear 5.00% interest, mature June 1, 2028; settlement expected June 11, 2024.
- Initial conversion rate 36.2319 shares per $1,000 principal, representing a ~20% premium over $23.00 close.
- Net proceeds ~$593M ($680.9M if full option exercised); used to refinance existing debt and for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000110465924069203/0001104659-24-069203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000110465924069203/tm2416498d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-069203

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