secwatch.observer — SEC 8-K summary
======================================

Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001140361-23-027903
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI subsidiary AmeriGas issues $500M 9.375% notes due 2028; redeems $640M of 5.625% notes due 2024
--------------------------------------------------------------------------------

- AmeriGas Partners and Finance Corp., indirect wholly owned subsidiaries of UGI, issued $500M of 9.375% senior notes due 2028.
- Proceeds from the offering, along with cash on hand and a contribution from UGI, used to redeem all outstanding $639.8M of 5.625% notes due 2024.
- Remaining 2024 notes to be redeemed on June 21, 2023 at a price equal to 100% of principal plus Applicable Premium and accrued interest.
- The 2028 notes pay cash interest semi-annually, are callable at make-whole premium before June 2025, then at declining call premium.
- The 2028 notes are senior unsecured obligations ranking equally with other unsecured debt and effectively junior to secured debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000114036123027903/0001140361-23-027903-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000114036123027903/brhc20053880_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-027903

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