NYSE:UGIGas Utilities
UGI Reshapes Capital Structure As Debt Issuance Meets Portfolio Shift
UGI (NYSE:UGI) has completed a US$500 million senior notes offering as part of a broader capital structure plan.
The company has also launched tender offers to repurchase and refinance existing senior notes.
These moves come shortly after UGI agreed to sell its electric division and entered new infrastructure partnerships.
UGI, a diversified energy company listed on the NYSE under the ticker UGI, is reshaping its balance sheet and also reshaping its business mix. The combination of a US$500...