Tender Offer - UGI CORP /PA/

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Form Type: 8-K

Filing Date: 2025-05-28

Corporate Action: Tender-offer

Type: New

Accession Number: 000088461425000025

Filing Summary: On May 28, 2025, AmeriGas Partners, L.P. and AmeriGas Finance Corp., indirect wholly owned subsidiaries of UGI Corporation, announced the expiration and final results of a tender offer for their 5.875% Senior Notes due 2026. The tender offer expired on May 27, 2025, at 5:00 p.m. New York City time, with $553,275,000 in aggregate principal amount, approximately 83.3% of the outstanding 2026 Notes, being validly tendered and not validly withdrawn by the Expiration Time. A press release detailing the results was issued on the same date.

Additional details:

Expiration Time: 2025-05-27T17:00:00-04:00

Aggregate Principal Amount Tendered: 553275000

Percentage Tendered: 83.3

Form Type: 8-K

Filing Date: 2025-05-20

Corporate Action: Tender-offer

Type: New

Accession Number: 000088461425000021

Filing Summary: On May 20, 2025, UGI Corporation’s indirect, wholly owned subsidiaries, AmeriGas Partners, L.P. and AmeriGas Finance Corp., commenced a private offering of $550 million in senior notes due 2030. Concurrently, they announced a cash tender offer to purchase any and all of their outstanding 5.875% Senior Notes due 2026. The tender offer is contingent upon the successful completion of debt financing transactions that will finance the purchase of the tendered 2026 Notes. A conditional redemption notice for any remaining 2026 Notes will be issued alongside the tender offer, also dependent on debt financing completion. The net proceeds from the issuance of senior notes will be allocated to redeem or repurchase the 2026 Notes, covering all accrued interests and related expenses. Investor presentations and corresponding press releases regarding the offering and tender offer have been made available as Exhibits 99.1, 99.2, and 99.3 in the filing.

Additional details:

Amount Of Notes: 550,000,000

Maturity Date: 2030

Tender Offer Interest Rate: 5.875%

Tender Offer Due Date: 2026

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