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VALLEY FORGE, Pa .– (TELI BUSINESS) – UGI Corporation (UGI or Company) (NYSE: UGI) announced today that its indirectly wholly owned subsidiary, UGI International, LLC (UGI International), intends to offer 400,000,000 in the total amount of unsecured banknote principal ( notes) to persons reasonably believed to be eligible institutional buyers under Rule 144A under the Securities Act of 1933, as amended (the Securities Act) and outside the United States in accordance with Regulation S under the Securities Act.

The notes will be fully and unconditionally guaranteed by several UGI International subsidiaries that guarantee UGI Internationals liabilities under its existing 300,000,000 unsecured term loan facility and its existing 300,000,000 high unsecured revolving loan facility, but no will be guaranteed by the Company. UGI International expects to use the net bid proceeds to repay its principal amount of 350,000,000 of old unsecured banknotes to be paid in full by 2025 and to pay the fees and charges related to the bid, and part of the remainder will be used for general corporate purposes and / or distributed to the company. The supply of records is subject to market conditions.

The records will not be recorded under the Securities Act, or any state securities law, and may not be offered or sold in the United States in the absence of registration, except in accordance with an exception to the Act’s registration requirements. of Securities and applicable state securities laws.

This notice is neither an offer to sell nor a request for an offer to purchase any of these securities and will not constitute an offer, request or sale in any jurisdiction in which an offer, request or sale of such would be illegal.

Warning statement regarding future statements

This press release contains statements that are forward-looking statements (as defined in section 21E of the Securities Exchange Act of 1934, as amended), including statements regarding the total principal amount of banknotes to be sold or used target revenue from record supply. Management believes that these are only reasonable as of today. Actual outcomes can vary significantly due to risks and uncertainties that are difficult to predict and many of which are beyond the control of management. You should read the latest UGI Annual Report on Form 10-K for a broader list of factors that may affect results. Among them are adverse weather conditions (including increasingly unsafe weather patterns due to climate change) and the seasonal nature of our business; cost volatility and availability of all energy products, including propane, natural gas, electricity and fuel oil, as well as the availability of LPG cylinders and the capacity to transport the product to our customers; increase customer retention measures; unfavorable labor relations and our ability to address existing or potential labor shortages; the impact of pending and future legal, regulatory or investigative procedures, investigations or investigations; liability for uninsured damages and damages in excess of insurance coverage; domestic and international political, regulatory and economic conditions in the United States, Europe and other foreign countries, and exchange rate fluctuations (especially the euro); Marcellus and Utica Shale gas production development time; the availability, timing and success of our purchases, trade initiatives and investments to grow our business; our ability to successfully integrate acquired businesses and achieve anticipated synergies; interruption, interruption, failure, malfunction or violation of our information technology systems and those of our third party vendors or service providers, including due to cyber attack; inability to complete pending or future energy infrastructure projects; our ability to achieve the operational benefits and cost-effectiveness expected from the completion of pending and future transformation initiatives, including the impact of customer interruptions resulting in potential customer loss due to transformation activities; uncertainties regarding global pandemics, including the duration and / or impact of the COVID-19 pandemic; the impact of proposed or future tax legislation, including possible changes to existing tax legislation that is beneficial to us; and our ability to overcome supply chain problems that may result in delays or shortages, as well as rising costs of equipment, materials, or other resources that are critical to our business operations. The Company undertakes not to issue revisions to its future statements to reflect the events or circumstances that occurred after today.

About UGI

UGI is a distributor and trader of energy products and services. Through subsidiaries, UGI operates natural and electric gas services in Pennsylvania, natural gas enterprises in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages medium energy assets in Pennsylvania, Ohio and West Virginia generates electric assets in Pennsylvania and engages in energy marketing, including renewable natural gas in the Mid-Atlantic region of the United States and California and internationally in France, Belgium, the Netherlands and the UK.




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