UGI Utilities prices USD 125 million 5.45% senior notes due 2031 in private placement
UGI•Use of proceeds and note terms
Proceeds are expected to be used mainly to refinance debt, with the remainder for general corporate purposes.
The notes are unsecured and unsubordinated. They may be called with a make-whole premium, except within 30 days of maturity.
The agreement includes leverage limits, including a total debt-to-total capitalization cap of 0.65x.
Private placement closed for $125 million of senior notes
UGI Utilities, a UGI subsidiary, closed a private placement of $125 million of 5.45% Senior Notes due Aug. 15, 2031.
Funding occurred Aug. 11, 2026; pricing was set July 23, 2026. Interest will be payable semiannually on Feb. 15 and Aug. 15.
