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The latest announcement is out from UGI (UGI).
On August 2, 2024, AmeriGas Propane, L.P. secured a new $200 million asset-based revolving credit facility, with an option to increase it to $350 million. This credit agreement, involving multiple lenders and PNC Bank as the agent, replaces a previous agreement and will support the company’s working capital and general corporate needs. Interest rates are tied to various benchmarks plus a margin, and the facility is secured by assets including receivables and inventory. The agreement includes standard covenants and conditions, with the potential for increased interest rates in case of default.
For an in-depth examination of UGI stock, go to TipRanks’ Stock Analysis page.
