UGI Corporation Announces Final Remarketing Period for its Series A Cumulative Perpetual Convertible Preferred Stock Relating to its 2021 Equity Units Offering
May 08 2024 - 4:15PM
Business Wire
UGI Corporation (NYSE: UGI) (The “Company”) announced today the
period beginning on May 23, 2024 and ending on, and including, May
30, 2024, as the final remarketing period for its 0.125% Series A
Cumulative Perpetual Convertible Preferred Stock, without par
value, with a liquidation preference of $1,000 per share (the
“Convertible Preferred Stock”), originally issued on May 25, 2021
as part of Company’s equity units. No assurance can be given that
the Convertible Preferred Stock will be successfully remarketed
during the final remarketing period.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the Convertible Preferred Stock nor
shall there be any sale of the Convertible Preferred Stock in any
state in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such state.
About UGI Corporation
UGI Corporation (NYSE: UGI) is a distributor and marketer of
energy products and services in the US and Europe. UGI offers safe,
reliable, affordable, and sustainable energy solutions to customers
through its subsidiaries, which provide natural gas transmission
and distribution, electric generation and distribution, midstream
services, propane distribution, renewable natural gas generation,
distribution and marketing, and energy marketing services.
Forward-Looking Statements
This press release includes forward-looking statements,
including statements regarding the remarketing period for the
Company’s Convertible Preferred Stock. Forward-looking statements
represent UGI’s current expectations regarding future events and
are subject to known and unknown risks and uncertainties that could
cause actual results to differ materially from those implied by the
forward-looking statements. Among those risks and uncertainties are
market conditions and risks relating to UGI’s business, including
those described in periodic reports that UGI files from time to
time with the SEC. The forward-looking statements included in this
press release speak only as of the date of this press release, and
UGI does not undertake to update the statements included in this
press release for subsequent developments, except as may be
required by law.
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