UGI Corp.
Description
UGI Corp. said Aug. 13 that its subsidiary, UGI Energy Services, LLC, closed a new seven-year $700 million secured Term Loan B facility. The new Term Loan B facility priced at LIBOR + 3.75%. proceeds from the facility, along with corporate liquidity, will be used for the long-term financing of the acquisition of the equity interests of Columbia Midstream Group LLC from a subsidiary of TC Energy Corp. for approximately $1.275 billion, which closed on August 1, 2019.