Financing ·
UGI Utilities, Inc., a wholly owned subsidiary of UGI Corporation, entered into a Note Purchase Agreement on August…
UGIUgi Corp
UGI Utilities, Inc., a wholly owned subsidiary of UGI Corporation, entered into a Note Purchase Agreement on August 11, 2026, to privately place $125 million in aggregate principal amount of 5.45% Senior Notes maturing on August 15, 2031. Funding occurred immediately upon execution, with interest payable semiannually on February 15 and August 15. The unsecured notes rank pari passu with existing indebtedness and include standard covenants limiting asset sales to 15% of consolidated total assets, restricting additional liens to 10%, and maintaining a debt-to-capitalization ratio not exceeding 0.65 to 1.00. Proceeds are designated primarily for refinancing indebtedness and general corporate purposes. UGI Corporation operates in the energy distribution industry, providing natural gas and electric utility services.