UGI Subsidiaries Commence Offer To Purchase For Cash Up To $450M Of The Offerors' 5.500% Senior Notes Due 2025
Portfolio Pulse from Benzinga Newsdesk
UGI Corporation's subsidiaries have initiated a cash offer to purchase up to $450 million of their 5.500% Senior Notes due 2025.
June 11, 2024 | 9:05 pm
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UGI Corporation's subsidiaries have started a cash offer to repurchase up to $450 million of their 5.500% Senior Notes due 2025. This move is likely aimed at managing debt and improving the company's financial health.
The repurchase of senior notes is a strategic move to manage and reduce debt, which can improve the company's financial stability and investor confidence. This is likely to have a positive short-term impact on UGI's stock price.
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