UGI enters $300M secured revolver to finance 2028 Notes conversion

UGI CORP /PA/

$300M senior secured revolving credit facility amended into existing credit agreement.
Facility matures Aug 5, 2026 with one-year extension if loans convert to non-revolving term loans.
Interest rates: Term SOFR + 2.125%-3.00% or ABR + 1.125%-2.00%, based on net leverage.
Secured by pledge of equity in Material Subsidiaries (excl. UGI Utilities and Mountaintop Energy).
Available solely to fund cash consideration due upon conversion of the 5.00% 2028 Notes.

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