Loan & DebtMay 11, 2026, 05:08 PM
UGI subsidiaries price $500M 6.875% senior notes due 2031
AI Summary
UGI Corporation's indirect wholly-owned subsidiaries, AmeriGas Partners, L.P. and AmeriGas Finance Corp., priced an offering of $500 million in 6.875% senior unsecured notes due 2031. The private offering is expected to close around May 20, 2026. Proceeds, combined with a $300 million equity contribution and cash, will be used to repurchase existing notes, including the 5.750% Senior Notes due 2027 and up to $175 million of 9.375% Senior Notes due 2028, and to repay $150 million in intercompany debt.
Key Highlights
- UGI subsidiaries priced $500 million in 6.875% senior unsecured notes due 2031.
- The private offering is expected to close on or about May 20, 2026.
- Proceeds will be used to repurchase and redeem 5.750% Senior Notes due 2027.
- Up to $175 million aggregate principal amount of 9.375% Senior Notes due 2028 will be repurchased.
- $150 million in outstanding intercompany loan indebtedness will be repaid.
- The offering is supplemented by a $300 million equity contribution from its parent.
Price Impact
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