UGI Subsidiary AmeriGas Propane Amends Revolving Credit Agreement with PNC Bank and Lenders
UGI Corporation, through its indirect wholly owned subsidiary AmeriGas Propane, L.P., has entered into a Third Amendment to its existing Revolving Credit and Security Agreement, originally dated August 2, 2024. The amendment, executed on November 10, 2025, involves AmeriGas Propane, the lenders party to the agreement, and PNC Bank, National Association, acting as agent for the lenders. Key changes include a revised definition of the "Fixed Charge Coverage Ratio," allowing certain dividends and distributions to AmeriGas Partners, L.P. to be excluded from the calculation, subject to specified annual limits for fiscal years ending September 30, 2026, and September 30, 2027. The amendment also stipulates that such distributions are only permitted if used contemporaneously by AmeriGas Partners to make payments on specified senior notes or other approved indebtedness, contingent upon meeting certain conditions.
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