secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0001558370-24-013258
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000155837024013258/0001558370-24-013258-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000155837024013258/ugi-20241011x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013258

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