![UGI to Offer $600MM in Senior Notes Due 2028](/sites/default/files/styles/hart_news_article_image_640/public/image/2024/06/ugi-offer-600mm-senior-notes-due-2028.jpg?itok=KPrlz5nN)
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UGI Corp. announced June 6 a proposed offer of $600 million aggregate principal senior notes due in 2028.
UGI said the senior notes will accrue interest payable and semi-annually and will mature on June 1, 2028. However, the notes will not be redeemable at UGI’s election before maturity.
The company expects to grant the initial purchasers of the notes an option to purchase up to an additional $90 million in principal notes, for settlement within 13 days from the date the notes are first issued.
UGI intends to use the net proceeds from the offering to refinance the company’s existing indebtedness, including under UGI’s senior credit facility and its subsidiaries, and for general corporate purposes.
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