UGI Corporation Subsidiaries Announce $550 Million Senior Notes Offering at 9.500% Due 2030

Reuters
05/22
UGI Corporation Subsidiaries Announce $550 Million Senior Notes Offering at 9.500% Due 2030

UGI Corporation has announced that its subsidiaries, AmeriGas Partners, L.P. and AmeriGas Finance Corp., have priced their offering of $550,000,000 in aggregate principal amount of 9.500% senior notes due 2030. This offering is directed towards qualified institutional buyers under Rule 144A and outside the U.S. in compliance with Regulation S. The Issuers plan to utilize the net proceeds from the offering, along with cash on hand and other liquidity sources, to fully redeem or repurchase their existing 5.875% Senior Notes due 2026, covering accrued interest and related fees. The closing of this offering is anticipated to occur on or about May 30, 2025, subject to customary closing conditions. The Notes will not be registered under the Securities Act or any state securities laws and cannot be offered or sold in the United States without registration or an applicable exemption.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UGI Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250521388923) on May 21, 2025, and is solely responsible for the information contained therein.

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