UGI Corporation's subsidiary, UGI Utilities, Inc., has successfully entered into a significant financial agreement on July 18, 2025, securing a substantial private placement of $275 million through a Note Purchase Agreement. This involves $150 million in 5.10% Senior Notes, Series A, maturing on November 15, 2030, and $125 million in 5.68% Senior Notes, Series B, maturing on November 15, 2035. The private placement is exempt from registration under the Securities Act of 1933, with funding expected by November 14, 2025. Interest on these unsecured and unsubordinated notes will be paid semiannually. Proceeds will primarily refinance existing debt and support general corporate purposes. The agreement includes standard default clauses and offers flexibility for early repayment under certain conditions. This strategic move demonstrates UGI's ongoing commitment to optimizing its financial structure and maintaining operational efficiency.
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