UGI CORP /PA/ (UGI): debt financing — UGI Utilities issues $275M in senior notes at 5.10% and 5.68% via private placement

UGI CORP /PA/

$150M Series A at 5.10% due Nov 15, 2030; $125M Series B at 5.68% due Nov 15, 2035.
Notes are unsecured obligations of UGI Utilities, ranking pari passu with existing unsecured debt.
Proceeds primarily to refinance indebtedness and for general corporate purposes.
Funding expected on or before November 14, 2025; interest payable semiannually.
Agreement includes financial covenant: total debt to total capitalization not to exceed 0.65:1.

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 $150 million aggregate principal amount with certain persons (the "Utilities Note Purchasers") at 5.10% maturing November 15, 2030.

Instrument: senior notes
Principal: $150 million aggregate principal amount
Counterparty: certain persons (the "Utilities Note Purchasers")
Rate: 5.10%
Maturity: November 15, 2030
Event: incurrence

Exact text from the filing

On July 18, 2025, UGI Utilities, Inc. (“UGI Utilities”), a wholly owned subsidiary of UGI Corporation (the “Company”), entered into a Note Purchase Agreement (the “Utilities Note Purchase Agreement”) with certain persons (the “Utilities Note Purchasers”) relating to the private placement of $150 million aggregate principal amount of 5.10% Senior Notes, Series A, with a maturity date of November 15, 2030 (the “Series A Notes")

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

UGI CORP /PA/ incurred senior notes of $125 million aggregate principal amount with certain persons (the "Utilities Note Purchasers") at 5.68% maturing November 15, 2035.

Instrument: senior notes
Principal: $125 million aggregate principal amount
Counterparty: certain persons (the "Utilities Note Purchasers")
Rate: 5.68%
Maturity: November 15, 2035
Event: incurrence

Exact text from the filing

and $125 million aggregate principal amount of 5.68% Senior Notes, Series B, with a maturity date of November 15, 2035 (the “Series B Notes,” and together with the Series A Notes, the “Notes")

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

UGI CORP /PA/ filing history →

Source: SEC EDGAR

accession 0001558370-25-009448

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