secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001140361-23-053439
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI Utilities enters new $375M revolver, replaces $425M facility
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- New $375M unsecured revolving credit facility with PNC Bank as agent; up to $500M via accordion.
- Existing $425M facility terminated without penalty; proceeds used for refinancing and general purposes.
- One-year term expiring Nov 8, 2024, extendable to Nov 9, 2028 pending PA PUC approval.
- Interest at SOFR or base rate plus margin tied to public debt ratings (0.875%-1.75% for Term SOFR).
- Covenant limits Consolidated Debt to ≤65% of Consolidated Total Capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000114036123053439/0001140361-23-053439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000114036123053439/ef20014720_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-053439

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