UGI Energy readies launch of $800 million term loan B for Friday

By Sara Rosenberg

New York, Feb. 9 – UGI Energy Services LLC is scheduled to hold a lender call at 11 a.m. ET on Friday to launch an $800 million seven-year senior secured term loan B, according to a market source.

Credit Suisse Securities (USA) LLC is the left lead arranger on the deal.

Price talk on the term loan is SOFR+10 basis points CSA plus 325 bps with a 0% floor and an original issue discount of 99, the source said.

The term loan has 101 soft call protection for six months.

Commitments are due at noon ET on Feb. 16, the source added.

Proceeds will be used to refinance an existing term loan and other debt.

UGI Energy is a Wyomissing, Pa.-based diversified midstream and energy marketing services company.

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