UGI CORP /PA/ 8-K

What Happened

• UGI Corporation filed an 8-K on May 18, 2026 reporting that its indirect, wholly owned subsidiaries AmeriGas Partners, L.P. and AmeriGas Finance Corp. announced the final results of a tender offer for their 5.750% Senior Notes due 2027.
• The Tender Offer expired at 5:00 p.m. (New York time) on May 15, 2026. A total of $468,471,000 in aggregate principal (excluding guaranteed deliveries) — approximately 91.51% of the outstanding 2027 Notes — were validly tendered and not validly withdrawn as of the expiration.

Key Details

• Issuers: AmeriGas Partners, L.P. and AmeriGas Finance Corp. (indirect, wholly owned subsidiaries of UGI).
• Security: 5.750% Senior Notes due 2027.
• Expiration: May 15, 2026 at 5:00 p.m. (NY time); results announced May 18, 2026.
• Tendered amount: $468,471,000 (≈91.51%); remaining outstanding after tenders is approximately 8.49%, or roughly $43.4 million (based on the reported figures).

Why It Matters

• A large majority of the 2027 notes were tendered, meaning the issuers will retire or repurchase most of that debt, materially reducing the principal outstanding under that issue.
• This changes the company’s near-term debt maturity profile and interest obligations for the specific 2027 notes; investors should watch subsequent disclosures for details on purchase consideration, funding source, and any impact on UGI’s consolidated debt and liquidity.