UGI refinances $500M of AmeriGas debt, retiring 2027 notes and reducing 2028 exposure

Filed May 26, 2026 · Period ending May 20, 2026 · ~1 min read

Key Changes

• high

  AmeriGas issued $500M of 6.875% senior notes due 2031 to refinance existing debt, fully retiring $468.5M of 5.750% 2027 notes and repurchasing $175M of 9.375% 2028 notes, extending maturities and reducing weighted average interest cost.

  Item 1.01 verify on EDGAR →
• high

  The 2027 notes tender completed at $1,011.18 per $1,000 face value (1.1% premium), with remaining balance redeemed June 10, 2026; indenture satisfied and discharged May 20, 2026 after $44.1M deposited with trustee.

  Item 1.02 verify on EDGAR →
• medium

  The 2028 notes tender was oversubscribed at $224.8M tendered vs. $175M cap, requiring pro-rata acceptance at 77.9%; accepted notes settled May 27 at $1,023.44 per $1,000 (2.3% premium including $30 early tender incentive).

  Item 8.01 verify on EDGAR →