secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2024-07-02T23:59:59+00:00
Accession:  0001558370-24-009657
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI subsidiary refinances $790M term loans; new SOFR rate 2.50%
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- UGI Energy Services entered into Second Amendment to Credit Agreement, refinancing all outstanding term loans.
- New 2024 Refinancing Term Loans total $790M; proceeds used to repay existing Refinanced Term Loans.
- Applicable interest rate is 2.50% per annum for SOFR loans and 1.50% for base rate loans.
- HSBC Bank USA acts as administrative agent and sole 2024 Refinancing Term Lender.
- Amendment also restates the existing credit agreement and includes cashless roll provisions for certain lenders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000155837024009657/0001558370-24-009657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000155837024009657/ugi-20240628x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-009657

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