secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2024-06-11T23:59:59+00:00
Accession:  0001104659-24-070380
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI issues $700M of 5.00% convertible senior notes due 2028 at $27.60 conversion
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- Issued $700M aggregate principal of 5.00% Convertible Senior Notes due June 1, 2028.
- Initial conversion rate 36.2319 shares per $1,000 principal (conversion price ~$27.60/share).
- Interest at 5% semi-annually on June 1 and Dec 1, first payment Dec 1, 2024.
- Initial purchasers fully exercised $90M option, included in the $700M total.
- Notes are senior unsecured; holders may require repurchase upon fundamental change.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000110465924070380/0001104659-24-070380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000110465924070380/tm2416498d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-070380

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer