UGI unit amends credit agreement, excludes MLP distributions from fixed charge ratio
AmeriGas Propane, L.P., an indirect wholly owned subsidiary of UGI Corporation, signed a third amendment to its revolving credit agreement with PNC Bank, National Association, as agent, on November 10, 2025. The amendment excludes certain dividends and distributions to AmeriGas Partners, L.P. from the fixed charge coverage ratio calculation, up to specified limits, and limits those payments to amounts used to pay the Senior Note or other approved debt of that partnership.
Key points
- Amendment dated November 10, 2025, to the credit agreement first dated August 2, 2024
- Exclusion applies to distributions to AmeriGas Partners, L.P. for fiscal years ending September 30, 2026 and September 30, 2027
- Unused limit for fiscal 2026 can be carried forward to fiscal 2027
- Full text filed as Exhibit 10.1; the filing does not state the size of the limits
The filing
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 November 14, 2025.
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