secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0001558370-24-015855
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI Utilities issues $175M in senior notes; $50M 5.24% due 2029, $125M 5.52% due 2034
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- Private placement of Series A ($50M, 5.24%, due Nov 2029) and Series B ($125M, 5.52%, due Nov 2034).
- Proceeds primarily to refinance existing indebtedness and for general corporate purposes.
- Notes are unsecured and unsubordinated, ranking pari passu with existing unsecured debt.
- Financial covenant: total debt to total capitalization not to exceed 0.65 to 1.00.
- Funding occurred Nov 14, 2024; interest payable semiannually on May 30 and Nov 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000155837024015855/0001558370-24-015855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000155837024015855/ugi-20241114x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-015855

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