Nov 2, 4:30 PM ET
UGI Corporation entered into a Second Amendment to its Credit Agreement on October 28, 2026, raising its revolving commitments from $475 million to $700 million and extending maturities to March 31, 2030. The amendment also adds a new $300 million senior secured revolving loan facility, which can be used to fund cash consideration due on a conversion of the 2028 Notes.
- Existing revolving commitments increased from $475 million to $700 million
- Revolving and term loan maturities extended to March 31, 2030, with a springing maturity 91 days before the 2028 Notes mature if more than $210 million of those notes remain outstanding
- New $300 million senior secured revolving loan facility, with a June 30, 2027 maturity subject to a one-time one-year extension
- Loans are secured by a pledge of equity in Material Subsidiaries, excluding UGI Utilities, Inc. and Mountaintop Energy Holdings LLC
Read the filing on SEC.gov ↗
Oct 22, 4:30 PM ET
UGI Energy Services and its special purpose subsidiary amended the receivables purchase agreement with PNC Bank, extending the facility termination date by one year from October 16, 2026 to October 15, 2027. The filing describes this as a routine continuation of an existing financing arrangement under which trade receivables are sold on an ongoing basis, and it gives no dollar amounts.
- Amendment No. 27 to the Receivables Purchase Agreement was effective October 16, 2026.
- Facility Termination Date extended from October 16, 2026 to October 15, 2027.
- Receivables are transferred without recourse; PNC Bank, National Association is the issuer and administrator.
- The filing does not disclose facility size or pricing.
Read the filing on SEC.gov ↗
Oct 2, 4:30 PM ET
UGI Corporation's subsidiary Mountaineer Gas Company entered into a Note Purchase Agreement dated September 28, 2026, and funded $50 million of privately placed senior notes that day. Proceeds will be used primarily to refinance indebtedness and for general corporate purposes, and the filing describes the covenants and default terms that apply to the notes.
- Series H notes: $30 million at 5.95%, maturing September 28, 2038
- Series I notes: $20 million at 6.05%, maturing September 28, 2041
- Notes are unsecured, with semiannual interest payments due March 28 and September 28
- Covenants include a debt-to-capitalization ratio not above 0.65 to 1.00 and consolidated tangible net worth of at least $70 million
Read the filing on SEC.gov ↗
Aug 17, 4:30 PM ET
UGI Utilities, a wholly owned subsidiary of UGI Corporation, completed a $125 million private placement of 5.45% senior notes on August 11, 2026, with maturity on August 15, 2031. Proceeds will primarily refinance indebtedness and fund general corporate purposes, and the filing reports no earnings or guidance figures.
- Principal amount: $125 million of 5.45% senior notes, funded August 11, 2026 and priced July 23, 2026
- Maturity date August 15, 2031; interest paid semiannually on February 15 and August 15
- Notes are unsecured and rank equally with UGI Utilities' existing and future unsecured debt; the agreement limits total debt to 0.65 to 1.00 of total capitalization
- Holders can require prepayment if UGI Utilities ceases to be majority owned by UGI Corporation
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
