---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-011123"
form_type: "8-K"
ticker: "UGI"
cik: "0000884614"
company_name: "UGI CORP /PA/"
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:49:38.861577+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-011123
- form_type: 8-K
- ticker: UGI
- cik: 0000884614
- company_name: UGI CORP /PA/
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884614/000155837024011123/0001558370-24-011123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884614/000155837024011123/ugi-20240802x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-011123
- JSON: https://secwatch.observer/filing/0001558370-24-011123.json
- Plain text: https://secwatch.observer/filing/0001558370-24-011123.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.