UGI unit Mountaineer Gas raises $50 million in senior notes
UGI•Mountaineer Gas placed $50 million in senior notes through a private placement, with proceeds mainly earmarked to refinance debt and the remainder for general corporate purposes.
1. Note terms
The placement comprises $30 million of 5.95% Series H Senior Notes due Sept. 28, 2038, and $20 million of 6.05% Series I Senior Notes due Sept. 28, 2041. Funding closed Sept. 28, 2026, and interest is payable semiannually on March 28 and Sept. 28. The unsecured notes include change-of-control put rights tied to UGI ownership levels and specified credit-rating conditions.
