---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-008069"
form_type: "8-K"
ticker: "UGI"
cik: "0000884614"
company_name: "UGI CORP /PA/"
filed_at: "2025-05-21T23:59:59+00:00"
generated_at: "2026-05-20T23:24:52.525360+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Mountaineer Gas (UGI sub) enters $150M revolver, replaces 2019 credit facility

## Summary
- New $150M unsecured revolver with $20M LC sublimit; maturity May 16, 2030, extendable to 2032.
- Interest at base rate or SOFR plus margin (0–1.25% base, 1–2.25% SOFR) depending on debt rating.
- Financial covenants: max debt/capitalization 0.65x; min EBITDA/interest coverage 2.0x.
- Proceeds to refinance existing debt, fund working capital, and for general corporate purposes.
- No material subsidiaries have provided guarantees as of May 16, 2025.

## SEC filing metadata
- accession: 0001558370-25-008069
- form_type: 8-K
- ticker: UGI
- cik: 0000884614
- company_name: UGI CORP /PA/
- filed_at: 2025-05-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884614/000155837025008069/0001558370-25-008069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884614/000155837025008069/ugi-20250516x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-008069
- JSON: https://secwatch.observer/filing/0001558370-25-008069.json
- Plain text: https://secwatch.observer/filing/0001558370-25-008069.txt

## Key facts
- Debt Financings
  UGI CORP /PA/ incurred revolving credit of $150 million with The Huntington National Bank, as administrative agent, and the lenders party thereto at adjusted term SOFR rate plus the applicable margin maturing May 16, 2030.
  - Instrument: revolving credit
  - Principal: $150 million
  - Counterparty: The Huntington National Bank, as administrative agent, and the lenders party thereto
  - Rate: adjusted term SOFR rate plus the applicable margin
  - Maturity: May 16, 2030
  - Event: incurrence
  source text: The Mountaineer Credit Agreement provides, among other things, that the lenders’ revolver commitment is $150 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/884614/000155837025008069/0001558370-25-008069-index.htm

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