UGI Subsidiaries Price $550 Million Senior Notes Offering

MT Newswires Live

05/22

UGI (UGI) said Wednesday that its units, AmeriGas Partners and AmeriGas Finance, priced a $550 million offering of 9.5% senior unsecured notes due 2030.

Net proceeds from the offering, along with cash at hand, will be used to redeem or repurchase 5.875% senior notes due 2026, according to the company.

UGI said it expects to close the offering on or about May 30.

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