secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2026-10-02T20:30:37+00:00
Accession:  0001104659-26-113317
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

UGI unit Mountaineer Gas issues $50M private placement: $30M 5.95% notes due 2038, $20M 6.05% notes due 2041
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- Mountaineer Gas, an indirect UGI subsidiary, privately placed $30M of 5.95% Series H senior notes due Sept. 28, 2038 and $20M of 6.05% Series I notes due Sept. 28, 2041.
- Funding occurred Sept. 28, 2026; pricing on June 30, 2026; interest payable semiannually each March 28 and Sept. 28; notes are unsecured and pari passu with Mountaineer's existing unsecured debt.
- Proceeds used primarily to refinance indebtedness and for general corporate purposes, per the Note Purchase Agreement dated Sept. 28, 2026.
- Covenants include total debt/total capitalization <=0.65:1.00; EBITDA/interest >=2.00:1.00; tangible net worth >=$70M; asset sales <=15% of consolidated total assets.
- Change-of-control put at 100% principal plus accrued interest if UGI ceases to majority-own Mountaineer; callable at make-whole before maturity, at par after June 30, 2038/2041.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000110465926113317/0001104659-26-113317-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000110465926113317/ugi-20260928x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-113317

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