UGI Unit Plans $352.4 Million Senior Notes Offering
MT Newswires Live
May 12
UGI (UGI) said Tuesday its subsidiary, UGI International, plans to offer 300 million euros ($352.4 million) of senior notes.
The company said it plans to use the proceeds to repay short-term borrowings under its revolving credit facility tied to a dividend payment to UGI, which contributed the funds to AmeriGas Partners.
It added that it plans to use the proceeds to repay other outstanding borrowings under the revolving credit facility, partially prepay the term loan, cover related fees and expenses, and fund general corporate purposes.
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