---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-013258"
form_type: "8-K"
ticker: "UGI"
cik: "0000884614"
company_name: "UGI CORP /PA/"
filed_at: "2024-10-11T23:59:59+00:00"
generated_at: "2026-05-30T16:09:24.317429+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# UGI enters into $875M new credit facilities, replaces existing agreement

## Summary
- New $475M senior secured revolver due Oct 2028; $400M term loan due Oct 2027.
- Interest: SOFR + 1.875%-2.75% or ABR + 0.875%-1.75% based on leverage.
- Covenants: max net leverage 5.00x (through Sep 2026) to 4.50x; min interest coverage 3.25x.
- Old $475M credit agreement (May 2021) terminated without penalty.
- Secured by pledge of material subsidiaries' equity, excluding UGI Utilities and Mountaintop Energy.

## SEC filing metadata
- accession: 0001558370-24-013258
- form_type: 8-K
- ticker: UGI
- cik: 0000884614
- company_name: UGI CORP /PA/
- filed_at: 2024-10-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884614/000155837024013258/0001558370-24-013258-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884614/000155837024013258/ugi-20241011x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-013258
- JSON: https://secwatch.observer/filing/0001558370-24-013258.json
- Plain text: https://secwatch.observer/filing/0001558370-24-013258.txt

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