UGI Corporation has announced that its subsidiaries, AmeriGas Partners, L.P. and AmeriGas Finance Corp., have launched a cash tender offer for their outstanding 5.875% Senior Notes due 2026. The offer, detailed in a document dated May 20, 2025, allows noteholders to sell their notes for $1,010 per $1,000 principal amount if tendered by 5 p.m. on May 27, 2025. BofA Securities is managing the tender offer. Additionally, the Offerors plan to issue a conditional notice of full redemption for any notes not purchased in the offer. The transaction's completion is contingent on successful debt financing and other liquidity sources to cover the purchase and related expenses.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.