UGI Corp Enters Material Definitive Agreement
Ticker: UGI · Form: 8-K · Filed: Jun 25, 2024 · CIK: 884614
| Field | Detail |
|---|---|
| Company | Ugi CORP /Pa/ (UGI) |
| Form Type | 8-K |
| Filed Date | Jun 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
UGI Corp just signed a big deal, creating a new financial obligation. Watch this space.
AI Summary
On June 19, 2024, UGI Corporation entered into a Material Definitive Agreement related to a direct financial obligation. The company, incorporated in Pennsylvania, filed an 8-K report detailing this event. The filing was made on June 25, 2024, and pertains to obligations under an off-balance sheet arrangement.
Why It Matters
This filing indicates UGI Corporation has entered into a significant agreement that creates a direct financial obligation or an off-balance sheet arrangement, which could impact its financial standing.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce financial risks and impact the company's balance sheet.
Key Players & Entities
- UGI Corporation (company) — Registrant
- Pennsylvania (company) — State of Incorporation
- June 19, 2024 (date) — Date of earliest event reported
- June 25, 2024 (date) — Filing date
FAQ
What specific type of material definitive agreement did UGI Corporation enter into?
The filing states that UGI Corporation entered into a Material Definitive Agreement, but the specific details of the agreement are not provided in this excerpt.
What is the nature of the direct financial obligation or off-balance sheet arrangement?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific terms and nature are not detailed in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on June 19, 2024.
What is UGI Corporation's principal executive office address?
UGI Corporation's principal executive offices are located at 500 North Gulph Road, King of Prussia, PA 19406.
What is UGI Corporation's fiscal year end?
UGI Corporation's fiscal year ends on September 30.
Filing Stats: 710 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2024-06-25 17:00:15
Filing Documents
- ugi-20240619x8k.htm (8-K) — 36KB
- ugi-20240619xex10d1.htm (EX-10.1) — 1793KB
- ugi-20240619xex10d1004.jpg (GRAPHIC) — 6KB
- ugi-20240619xex10d1007.jpg (GRAPHIC) — 7KB
- ugi-20240619xex10d1008.jpg (GRAPHIC) — 4KB
- ugi-20240619xex10d1009.jpg (GRAPHIC) — 3KB
- ugi-20240619xex10d1010.jpg (GRAPHIC) — 7KB
- ugi-20240619xex10d1011.jpg (GRAPHIC) — 6KB
- 0001558370-24-009472.txt ( ) — 2205KB
- ugi-20240619.xsd (EX-101.SCH) — 4KB
- ugi-20240619_def.xml (EX-101.DEF) — 3KB
- ugi-20240619_lab.xml (EX-101.LAB) — 16KB
- ugi-20240619_pre.xml (EX-101.PRE) — 11KB
- ugi-20240619x8k_htm.xml (XML) — 5KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On June 19, 2024, UGI International, LLC ("UGI International") and UGI International Holdings B.V. ("UGI BV," and together with UGI International, each a "Borrower" and together the "Borrowers"), each an indirect wholly owned subsidiary of UGI Corporation, entered into that certain Amended and Restated Multicurrency Facilities Agreement (the "Amended Credit Agreement"), by and among UGI International, UGI BV, Natixis, as agent, and the lenders party thereto, which amended the UGI International Credit Agreement, dated as of March 7, 2023 (the "Credit Agreement"). The Amended Credit Agreement provides, among other things, for the establishment and incorporation of specified key performance indicators ("KPIs") with respect to certain Environmental, Social and Governance ("ESG") targets of the Group (as defined in the Amended Credit Agreement), whereby based on the Group's performance against the KPIs, certain adjustments of up to 0.05% in total to the Margin (as defined in the Amended Credit Agreement) may be made. All other terms, conditions and provisions of the Credit Agreement are ratified and confirmed and remain in full force and effect. The foregoing description of the Amended Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the Amended Credit Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth above in Item 1.01 regarding the Amended Credit Agreement is hereby incorporated into this Item 2.03 by reference, insofar as it relates to the creation of a direct financial obligation. This description is qualified in its entirety by reference to the full text of the Amended Credit Agreement, which is filed as Exhibit 10.1 to this Current Report
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number: Description 10.1 Amended and Restated Multicurrency Facilities Agreement, dated June 19, 2024, by and among UGI International, LLC, UGI International Holdings B.V., Natixis, as agent, and the lenders party thereto. 104 Cover Page Interactive Data File (formatted as inline XBRL).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UGI Corporation June 25, 2024 By: /s/ Jessica A. Milner Name: Jessica A. Milner Title: Secretary