Tender Offer - UGI CORP /PA/

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.