UGI subsidiary AmeriGas closes $200M ABL credit facility, refinances existing debt

UGI CORP /PA/

New $200M asset-based revolver with $20M LC sublimit; can increase to $350M with additional lender commitments.
Five-year maturity (Aug 2029); proceeds used to fully repay and terminate existing Wells Fargo facility dated Sep 2022.
Interest at base rate plus 0.75%-1.25% or adjusted term SOFR plus 1.75%-2.25%, based on quarterly average availability.
Covenants include Fixed Charge Coverage Ratio ≤1.00:1.00 during testing periods and minimum liquidity near senior note maturities.
Facility secured by receivables and inventory; no guarantors as of closing date; routine refinancing for working capital.

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