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UGI International prices €350M note offering

UGI International LLC priced an offering of €350 million of 3.25% senior unsecured notes due 2025.

The notes will guarantee UGI International's obligations under a new €300 million senior unsecured term loan facility and a new €300 million senior unsecured revolving credit facility, according to an Oct. 18 news release.

The UGI Corp. subsidiary expects to use net proceeds from the note offering, together with cash on hand and proceeds from the new credit facilities, to repay outstanding indebtedness of certain of its subsidiaries.