UGI To Get Mountaintop Vitality Holdings For An Enterprise Benefit Of $540 Mln

(RTTNews) – UGI Corp (UGI) announced that it has agreed to purchase Mountaintop Energy Holdings LLC for an enterprise value of $540 million, which includes the assumption of around $140 million of credit card debt. The transaction is predicted to near in the next half of calendar 12 months 2021.

UGI mentioned that the organization worth represents around 1.4 occasions projected 2021 amount foundation

UGI expects to finance the acquisition as a result of debt and / or fairness-connected securities and present liquidity to optimize accretion whilst keeping a solid balance sheet. UGI mentioned it does not hope to situation frequent equity to finance the acquisition.

UGI sees Mountaineer Gasoline Enterprise transaction to be accretive to altered EPS in the very first total yr of put together functions. This transaction will aid UGI’s very long-phrase once-a-year commitments to increase EPS and dividends by 6% – 10% and 4%, respectively.

UGI expects Mountaineer Gas Organization acquisition will maximize UGI’s regulated utility level foundation and consumers served by almost 14% and 30%, respectively.

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