The Firm recently represented the initial purchasers, led by BNP Paribas, in connection with the private placement of €350 million aggregate principal amount of 3.25% Senior Notes due 2025 of UGI International LLC (“UGI International”), a direct, wholly owned subsidiary of UGI Corporation. The proceeds of the notes will be used to refinance certain indebtedness of UGI International and for general corporate purposes.
UGI International, through subsidiaries and affiliates, conducts a liquefied petroleum gas distribution business in 17 European countries and an energy marketing business in France, Belgium, the Netherlands and the United Kingdom.
The Simpson Thacher team included Art Robinson, Patrick Baron, Matt Hart and Elise Quinones (Capital Markets); Michael Isby (Environmental); Tyler Robbins (Tax); and Larry Moss, Jeanne Annarumma and Lauren Roth (ECEB).