UGI increases revolving credit facility to $700 million from $475 million
Bitget2026/11/02 21:43- UGI increased revolving commitments to $700 million from $475 million on October 28, 2026, under an amendment with JPMorgan Chase as agent.
- A new $300 million senior secured revolving loan facility will finance cash consideration due upon conversion of the 2028 Notes.
- The existing revolving credit and term loan facilities now mature March 31, 2030, subject to an earlier maturity.
- Maturity accelerates to 91 days before the 2028 Notes’ final stated maturity if more than $210 million remains outstanding then.
- The new facility matures June 30, 2027, with an optional one-year extension through conversion of its entire principal balance into non-revolving term loans.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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