debt
confidence high
sentiment neutral
materiality 0.55
UGI International issues €300M 5.000% senior notes due 2031
UGI CORP /PA/
- €300M aggregate principal of 5.000% senior notes due June 1, 2031; interest payable semiannually.
- Proceeds used to repay revolving credit borrowings and partially prepay term loan under Credit Agreement.
- Notes are senior unsecured obligations guaranteed by certain restricted subsidiaries.
- Optional redemption: make-whole prior to June 2028; thereafter at declining premium (2.500% to 0.000%).
- Change of control repurchase at 101% of principal; asset sale offer at 100%.