Loan & DebtJul 7, 2026, 05:07 PM
UGI Energy Services Amends Credit Agreement, Refinances $774M Term Loans
AI Summary
UGI Energy Services, a wholly owned subsidiary of UGI Corporation, entered into a Fourth Amendment to its Credit Agreement on June 30, 2026. This amendment facilitates the refinancing of $774 million in existing Term Loans through new 2026 Refinancing Term Loans. The agreement also establishes new applicable interest rates at 2.00% per annum for SOFR Loans and 1.00% per annum for base rate loans.
Key Highlights
- Fourth Amendment to Credit Agreement entered into on June 30, 2026.
- Refinancing of $774,000,000.00 in existing Term Loans.
- Applicable Rate for SOFR Loans set at 2.00% per annum.
- Applicable Rate for base rate loans set at 1.00% per annum.
- HSBC Bank USA, N.A. is the administrative agent and 2026 Refinancing Term Lender.
- The 2026 Refinancing Term Loans will constitute a single class of "Initial Term Loans".
Price Impact
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