UGI CORP /PA/ (UGI): debt financing — UGI subsidiary Mountaineer Gas issues $70M of senior notes in private placement

UGI CORP /PA/

Mountaineer Gas issued $50M of 6.11% Series F Notes due 2035 and $20M of 6.21% Series G Notes due 2037.
Proceeds primarily to refinance indebtedness and for general corporate purposes.
Notes are unsecured and unsubordinated, ranking pari passu with existing and future unsecured debt.
Funding expected on or before May 30, 2025; interest payable semiannually June 1 and December 1.
Covenants include total debt/total cap ≤0.65, EBITDA/interest ≥2.00x, and min tangible net worth $70M.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

UGI CORP /PA/ incurred senior notes of $20 million aggregate principal amount of 6.21% Senior Notes, Series G at 6.21% maturing June 1, 2037.

Instrument: senior notes
Principal: $20 million aggregate principal amount of 6.21% Senior Notes, Series G
Rate: 6.21%
Maturity: June 1, 2037
Event: incurrence

Exact text from the filing

On April 24, 2025, Mountaineer Gas Company (“Mountaineer”), a wholly owned subsidiary of UGI Corporation (the “Company”), entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with certain persons relating to the private placement of $50 million aggregate principal amount of 6.11% Senior Notes, Series F, with a maturity date of June 1, 2035 (the “Series F Notes”) and $20 million aggregate principal amount of 6.21% Senior Notes, Series G, with a maturity date of June 1, 2037

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

UGI CORP /PA/ incurred senior notes of $50 million aggregate principal amount of 6.11% Senior Notes, Series F at 6.11% maturing June 1, 2035.

Instrument: senior notes
Principal: $50 million aggregate principal amount of 6.11% Senior Notes, Series F
Rate: 6.11%
Maturity: June 1, 2035
Event: incurrence

Exact text from the filing

On April 24, 2025, Mountaineer Gas Company (“Mountaineer”), a wholly owned subsidiary of UGI Corporation (the “Company”), entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with certain persons relating to the private placement of $50 million aggregate principal amount of 6.11% Senior Notes, Series F, with a maturity date of June 1, 2035

View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

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Source: SEC EDGAR

accession 0001558370-25-005860

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