The latest announcement is out from UGI ( (UGI) ).
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UGI Corporation has secured a new financial package comprising a $475 million revolving credit facility and a $400 million term loan, with provisions for letters of credit up to $10 million. This move streamlines their capital structure by replacing an existing credit agreement. The facilities will support working capital, corporate expenditures, and offer flexible interest rates tied to the Term SOFR or the Alternate Base Rate. With maturity dates set for 2027 and 2028, the agreement includes covenants and conditions ensuring the company’s prudent financial management and allows for prepayments without penalties.
Learn more about UGI stock on TipRanks’ Stock Analysis page.