secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001558370-24-011123
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000155837024011123/0001558370-24-011123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000155837024011123/ugi-20240802x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-011123

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