UGI Corp Enters Material Definitive Agreement
Ticker: UGI · Form: 8-K · Filed: Jul 2, 2024 · CIK: 884614
| Field | Detail |
|---|---|
| Company | Ugi CORP /Pa/ (UGI) |
| Form Type | 8-K |
| Filed Date | Jul 2, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: UGI
TL;DR
UGI Corp just signed a big deal, creating a new financial obligation.
AI Summary
On June 28, 2024, UGI Corporation entered into a Material Definitive Agreement related to a direct financial obligation. The filing details the creation of this obligation under an off-balance sheet arrangement. Specific details regarding the nature of the agreement and the financial obligation are provided within the filing.
Why It Matters
This filing indicates a significant financial commitment or obligation for UGI Corporation, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can introduce financial risk, depending on the terms and UGI's ability to manage them.
Key Players & Entities
- UGI Corporation (company) — Registrant
- June 28, 2024 (date) — Date of earliest event reported
- Pennsylvania (jurisdiction) — State of Incorporation
- 500 North Gulph Road, King of Prussia, PA 19406 (address) — Principal Executive Offices
FAQ
What is the nature of the Material Definitive Agreement entered into by UGI Corporation?
The filing states that UGI Corporation entered into a Material Definitive Agreement, and it also involves the creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Specific details of the agreement are not fully elaborated in the provided text.
When did UGI Corporation report this event?
The report was filed as of June 28, 2024, and the earliest event reported was also on June 28, 2024.
What is UGI Corporation's state of incorporation and principal executive office address?
UGI Corporation is incorporated in Pennsylvania and its principal executive offices are located at 500 North Gulph Road, King of Prussia, PA 19406.
What is the SEC file number for UGI Corporation?
UGI Corporation's SEC file number is 001-11071.
What is the IRS Employer Identification Number for UGI Corporation?
The IRS Employer Identification Number for UGI Corporation is 23-2668356.
Filing Stats: 653 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-07-02 17:01:10
Filing Documents
- ugi-20240628x8k.htm (8-K) — 36KB
- ugi-20240628xex10d1.htm (EX-10.1) — 1100KB
- 0001558370-24-009657.txt ( ) — 1449KB
- ugi-20240628.xsd (EX-101.SCH) — 4KB
- ugi-20240628_def.xml (EX-101.DEF) — 3KB
- ugi-20240628_lab.xml (EX-101.LAB) — 16KB
- ugi-20240628_pre.xml (EX-101.PRE) — 11KB
- ugi-20240628x8k_htm.xml (XML) — 5KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On June 28, 2024, UGI Energy Services, LLC ("UGI Energy Services"), a wholly owned subsidiary of UGI Corporation (the "Company"), entered into that certain Second Amendment to Credit Agreement (the "Amendment"), by and among UGI Energy Services, the guarantors party thereto, HSBC Bank USA, N.A., as administrative agent, and the lenders party thereto, which amended UGI Energy Services' Credit Agreement, dated as of August 13, 2019 (as amended, the "Term Loan Credit Agreement"). The Amendment provides, among other items, that the Applicable Rate (as defined in the Term Loan Credit Agreement) shall be 2.50% per annum for SOFR Loans (as defined in the Term Loan Credit Agreement) and 1.50% per annum for base rate loans. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, 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 Amendment 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 Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number: Description 10.1 Second Amendment to Credit Agreement, dated June 28, 2024, by and among UGI Energy Services, LLC, the guarantors party thereto, the lenders party thereto and HSBC Bank USA, N.A., as administrative agent. 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 July 2, 2024 By: /s/ Jessica A. Milner Name: Jessica A. Milner Title: Secretary