secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001104659-25-112607
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI subsidiary AmeriGas amends credit agreement to allow up to $200M in distributions for FY2026 debt service
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- Amendment excludes up to $200M in distributions from Fixed Charge Coverage Ratio for FY2026 ending Sept 30, 2026.
- For FY2027, exclusion limit is $100M plus unused FY2026 portion, enabling up to $300M.
- New Section 7.7(f) permits dividends to MLP for Senior Note or other debt payments subject to conditions.
- Conditions include no continuing default, undrawn availability >=20% of Line Cap, and FCCR >=1.10:1.00.
- Amendment dated November 10, 2025, among AmeriGas Propane, L.P., lenders, and PNC Bank as agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000110465925112607/0001104659-25-112607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000110465925112607/ugi-20251110x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-112607

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