# UGI CORP /PA/ (UGI) — capital_raise [terminated]
Source: SEC API (secapi.ai) · situation sit_ecfb7d4f6fb4354fc358 · retrieved 2026-08-11T15:50:21.208Z

## Overview
UGI Energy Services, LLC is a wholly owned subsidiary of UGI Corporation engaged in energy and transportation services, including midstream operations, LNG, and gathering systems.

On June 30, 2026, UGI Energy Services, LLC, a wholly owned subsidiary of UGI Corporation, entered into a Fourth Amendment to its Credit Agreement with HSBC Bank USA, N.A. as administrative agent and 2026 Refinancing Term Lender. The amendment refinanced $774,000,000 in aggregate principal amount of existing term loans (the "2026 Refinancing Term Loans") to refinance all outstanding term loans. The Applicable Rate was set at 2.00% per annum for SOFR Loans and 1.00% per annum for base rate loans. The 2026 Refinancing Term Loans constitute Initial Term Loans with terms identical to the existing Initial Term Loans, and the refinancing was effectuated through a combination of cashless exchanges and cash settlements by existing lenders.

## Terms
- Counterparty: HSBC Bank USA, N.A. · Deal value: $774.0M

## Key dates
- Expected close 2026-06-30 · Terminated 2026-07-07

## Timeline
- 2026-07-07 · 8-K (0001104659-26-081321): UGI Energy Services refinances $774M term loan; SOFR rate 2.00%, ABR 1.00% — *UGI Energy Services, LLC is a wholly owned subsidiary of UGI Corporation engaged in energy and transportation services, including midstream operations, LNG, and gathering systems.* On June 30, 2026, UGI Energy Services, LLC, a wholly owned subsidiary of UGI Corporation, entered into a Fourth Amendment to its Credit Agreement with HSBC Bank USA, N.A. as administrative agent and 2026 Refinancing Term Lender. The amendment refinanced $774,000,000 in aggregate principal amount of existing term loans (the "2026 Refinancing Term Loans") to refinance all outstanding term loans. The Applicable Rate was set at 2.00% per annum for SOFR Loans and 1.00% per annum for base rate loans. The 2026 Refinancing Term Loans constitute Initial Term Loans with terms identical to the existing Initial Term Loans, and the refinancing was effectuated through a combination of cashless exchanges and cash settlements by existing lenders.
  https://www.sec.gov/Archives/edgar/data/884614/0001104659-26-081321.txt

## Citations
- 0001104659-26-081321 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926081321