UGI Corporation's subsidiaries AmeriGas Partners and AmeriGas Finance Corp. priced $500 million of 6.875% senior unsecured notes due 2031 in a private offering, with closing expected on or about May 20, 2026.
Key takeaways
AmeriGas Partners and Finance Corp. priced $500.0 million aggregate principal 6.875% senior unsecured notes due 2031.
Offering exempt under Rule 144A and Regulation S, not registered under Securities Act.
Net proceeds plus $300 million equity contribution and cash to repay 2027 Notes, $175 million 2028 Notes, $150 million intercompany loan, and fees.
Closing expected on or about May 20, 2026, subject to customary conditions.
Refinancing extends debt maturities and restructures existing obligations.