Loan & DebtMay 12, 2026, 06:12 AM
UGI International Commences 300M Senior Notes Offering
AI Summary
UGI International, an indirect wholly-owned subsidiary of UGI Corporation, has commenced a private offering of 300,000,000 in senior notes. The proceeds are intended to repay short-term borrowings under its revolving credit facility, partially prepay its term loan, and for general corporate purposes. This includes facilitating a dividend payment to UGI Corp that is expected to enable an intercompany loan repayment by AmeriGas. The offering is subject to market conditions and is not guaranteed to be consummated.
Key Highlights
- UGI International commenced a private offering of 300,000,000 in senior notes.
- Proceeds will repay short-term borrowings under its Revolving Credit Facility.
- Proceeds will partially prepay borrowings under its Term Loan.
- LTM Q2 FY26 Adjusted Total Margin was $957 million and Adjusted EBITDA was $437 million.
- LTM Q2 FY26 Free Cash Flow was $345 million, with Total Debt / Adjusted EBITDA at 2.0x.
- UGI International is a leading LPG distributor in 9 European countries.
- FY25 LPG volume sold by end market was 48% Commercial & Industrial.
- FY25 LPG distribution volume by category was 65% Bulk.
Price Impact
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