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AI brief of an SEC Form 8-K · UGI (UGI)

UGI's AmeriGas sells $500 million of 6.875% notes due 2031 and redeems 2027 notes

Neutral Impact 3 of 5 financing Written later

AmeriGas Partners and AmeriGas Finance Corp., indirect wholly owned subsidiaries of UGI, issued $500.0 million of 6.875% senior unsecured notes due 2031 on May 20, 2026. The proceeds, with other funds, are being used to redeem the 2027 notes, repurchase up to $175.0 million of 9.375% notes due 2028, and repay $150.0 million of an intercompany loan. The filing shows a new debt issue replacing or reducing existing higher-cost debt, with the company reporting no earnings impact.

Key points

  • $500.0 million of 6.875% senior unsecured notes due 2031 issued May 20, 2026; semi-annual interest begins December 1, 2026
  • Holders tendered $468,471,000 of 2027 notes; remaining 2027 notes to be redeemed June 10, 2026
  • $224,771,000 of 2028 notes tendered by the May 22, 2026 early deadline against a $175.0 million cap; proration factor about 77.9%
  • Initial settlement for accepted 2028 notes set for May 27, 2026 at $1,023.44 per $1,000 principal

The filing

CompanyUGI (UGI)
Form8-K, current report
Filed with the SECMay 26, 2026, 9:03 AM ET
Accession number0000884614-26-000037

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 26, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.