UGI CORP /PA/ (UGI) Form 8-K — Nov 2, 2026
UGI Corporation entered into a Second Amendment to its Credit Agreement on October 28, 2026, increasing its revolving credit facility from $475 million to $700 million and extending revolver and term loan maturities to March 31, 2030, with a springing maturity 91 days early if more than $210 million of the 2028 Notes remain outstanding. The amendment also establishes a new $300 million senior secured revolving facility, maturing June 30, 2027 (extendable one year if converted to term loans), specifically available to fund cash consideration for conversions of UGI's 5.00% convertible senior notes due 2028.
Key figures
- Debt Amount
- $700 million revolving credit facility plus new $300 million senior secured revolving facility
- Maturity Date
- 2028-03-31
- New secured revolver
- $300 million
- Applicable rate range abr
- 1.125% to 2.00%
- Springing maturity trigger
- $210 million of 2028 Notes outstanding
- Revolving commitments prior
- $475 million
- Revolving commitments amended
- $700 million
- Applicable rate range term sofr
- 2.125% to 3.00%
AI analysis
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