secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2025-05-21T23:59:59+00:00
Accession:  0001558370-25-008069
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000155837025008069/0001558370-25-008069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000155837025008069/ugi-20250516x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-008069

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer