secwatch / observer
8-K filed June 2, 2023, 7:59 PM ET ticker UGI CIK 0000884614
debt confidence high sentiment negative materiality 0.65

UGI CORP /PA/ (UGI): debt financing — UGI subsidiary AmeriGas issues $500M 9.375% notes due 2028; redeems $640M of 5.625% notes due 2024

UGI CORP /PA/

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

UGI CORP /PA/ incurred senior notes of $500.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 9.375% maturing 2028.

Instrument
senior notes
Principal
$500.0 million aggregate principal amount
Counterparty
U.S. Bank Trust Company, National Association
Rate
9.375%
Maturity
2028
Event
incurrence
Exact text from the filing
On May 31, 2023, AmeriGas Partners, L.P. (“AmeriGas Partners”) and AmeriGas Finance Corp. (“Finance Corp.” and, together with AmeriGas Partners, the “Issuers”), the indirect, wholly owned subsidiaries of UGI Corporation (the “Company”), issued $500.0 million aggregate principal amount of their 9.375% senior unsecured notes due 2028 (the “2028 Notes” and the offering of the 2028 Notes, the “Offering”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

UGI CORP /PA/ terminated a notes offering valued at $639,774,000 in aggregate principal amount (effective 2023-05-31).

Action
termination
Agreement
notes offering
Value
$639,774,000 in aggregate principal amount
Effective
2023-05-31
Exact text from the filing
On May 31, 2023, the Issuers accepted for purchase (and purchased) the 2024 Notes validly tendered as of the expiration and on June 1, 2023 accepted for purchase (and purchased) the 2024 Notes validly tendered through the guaranteed delivery procedures, in each case, for a total consideration of $1,010.90 for each $1,000 principal amount of the 2024 Notes tendered
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

UGI CORP /PA/ entered into 2028 Notes Indenture with U.S. Bank Trust Company, National Association valued at $500.0 million aggregate principal amount (effective 2023-05-31).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association
Value
$500.0 million aggregate principal amount
Effective
2023-05-31
Exact text from the filing
On May 31, 2023, AmeriGas Partners, L.P. (“AmeriGas Partners”) and AmeriGas Finance Corp. (“Finance Corp.” and, together with AmeriGas Partners, the “Issuers”), the indirect, wholly owned subsidiaries of UGI Corporation (the “Company”), issued $500.0 million aggregate principal amount of their 9.375% senior unsecured notes due 2028 (the “2028 Notes” and the offering of the 2028 Notes, the “Offering”).
View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

UGI CORP /PA/ filing history →

Source: SEC EDGAR
accession 0001140361-23-027903
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