UGI Corporation, through its indirect, wholly owned subsidiaries AmeriGas Partners, L.P. and AmeriGas Finance Corp., has successfully issued $550 million in senior unsecured notes, maturing in 2030, with a 9.500% interest rate. The notes were issued on May 30, 2025, under an Indenture agreement with U.S. Bank Trust Company as trustee. This financing move is part of a private offering aimed at qualified institutional buyers and certain non-U.S. investors, complying with Rule 144A and Regulation S under the Securities Act of 1933. The agreement includes various restrictive covenants limiting additional indebtedness, liens, and transactions with affiliates, among others. The issuance is expected to strengthen UGI Corporation's financial position and support its strategic initiatives.
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