UGI Corporation announced a private placement of 5.00% convertible senior unsecured notes for a principal amount of $700,000,000 on June 11, 2024. The Notes will accrue interest at a rate of 5.00% per annum, payable semi-annually in arrears on June 1 and December 1 of each year, beginning on December 1, 2024. The Notes will mature on June 1, 2028.

The notes will be converted into common shares at a price of $27.60 per share. The Notes issued on June 11, 2024 include $90,000,000 principal amount of Notes issued pursuant to the full exercise by the initial purchasers of such option.