UGI Corp Files 8-K: Material Definitive Agreement

Ticker: UGI · Form: 8-K · Filed: Oct 24, 2024 · CIK: 884614

Ugi CORP /Pa/ 8-K Filing Summary
FieldDetail
CompanyUgi CORP /Pa/ (UGI)
Form Type8-K
Filed DateOct 24, 2024
Risk Levelmedium
Pages3
Reading Time4 min
Key Dollar Amounts$150,000,000, $75,000,000, $50,000,000
Sentimentneutral

Sentiment: neutral

Topics: material-definitive-agreement, filing

TL;DR

UGI Corp signed a big deal, filing details today.

AI Summary

On October 18, 2024, UGI Corporation entered into a Material Definitive Agreement, the details of which are not fully disclosed in this filing but are indicated by the filing of financial statements and exhibits. The company, incorporated in Pennsylvania, is involved in the Gas & Other Services sector.

Why It Matters

This filing indicates a significant new agreement for UGI Corporation, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant implications for the company's future, but the specific terms and risks are not yet detailed.

Key Numbers

Key Players & Entities

FAQ

What is the nature of the Material Definitive Agreement entered into by UGI Corporation?

The filing does not specify the exact nature of the Material Definitive Agreement, only that one was entered into on October 18, 2024.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on October 18, 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.

In which state was UGI Corporation incorporated?

UGI Corporation was incorporated in Pennsylvania.

What is UGI Corporation's SEC file number?

UGI Corporation's SEC file number is 001-11071.

Filing Stats: 1,000 words · 4 min read · ~3 pages · Grade level 13.8 · Accepted 2024-10-24 16:30:34

Key Financial Figures

Filing Documents

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On October 18, 2024 (the "Effective Date"), UGI Energy Services, LLC ("UGIES"), a Pennsylvania limited liability company and an indirect, wholly owned subsidiary of UGI Corporation (the "Registrant"), and Energy Services Funding Corporation, a wholly owned special purpose subsidiary of UGIES ("ESFC"), entered into that certain Amendment No. 25 (the "Amendment") to the Receivables Purchase Agreement, dated as of November 30, 2001 (as amended, supplemented or modified from time to time, the "RPA"), among UGIES, as servicer, ESFC, as seller, PNC Bank, National Association, as issuer and administrator ("PNC") and PNC Capital Markets LLC ("PNCM"), as structuring agent. The Amendment provides for, among other things, (i) extending the Facility Termination Date from October 18, 2024 to October 17, 2025, (ii) changing the definition of Purchase Limit to mean (x) at any time on or after October 18, 2024 and prior to but excluding May 1, 2025, $150,000,000 and (y) at any time on or after May 1, 2025, $75,000,000, and (iii) and replacing the BSBY interest rate with a SOFR based interest rate. The Amendment allows UGIES and ESFC to request an increase in the Purchase Limit of $50,000,000. Approval of such request is subject to PNC and PNCM's discretion. The RPA was entered into in conjunction with a Purchase and Sale Agreement, dated as of November 30, 2001 (as amended, supplemented or modified from time to time, the "PSA") between UGIES and ESFC. Under the RPA, UGIES transfers, on an ongoing basis and without recourse, its trade accounts receivable to ESFC. ESFC, in turn, has in the past sold, and subject to certain conditions, may from time to time in the future sell, an undivided interest in some or all of the receivables to PNC. ESFC's and UGIES's obligations under the RPA and PSA are secured by all receivables under the receivables pool, as well as the related security, the collections thereof and the lock-box acco

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number: Description 10.1 Amendment No. 25, dated as of October 18, 2024, to Receivables Purchase Agreement, dated as of November 30, 2001, by and among UGI Energy Services, LLC, as servicer, Energy Services Funding Corporation, as seller, PNC Bank, National Association, as issuer and administrator, and PNC Capital Markets, as structuring 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 October 24, 2024 By: /s/ Jessica A. Milner Name: Jessica A. Milner Title: Secretary

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