Star Group, L.P. Announces New Credit Facility
Star Group L.P. (SGU)
US:NYSE Investor Relations:
stargrouplp.com/investor-relations
Company Research
Source: GlobeNewswire
STAMFORD, Conn., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today announced that it has entered into a seventh amended and restated asset-based credit facility (the "Credit Facility"), which expires in September 2029 and provides the borrower under the Credit Facility (a subsidiary of the Company) with an ability to borrow up to $400 million ($475 million during the heating season from December through April each year) on a revolving line of credit for working capital purposes, including the issuance of up to $25 million in letters of credit. The Credit Facility also provides for a $210 million five year senior secured term loan; proceeds from the term loan will be used to repay existing outstanding debt of $132.1 million with the balance of $77.9 million available for certain identified acquisitions and general corporate purposes. About Star Group, L.P.Star Group, L.P. is a full servic
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SGU
News
- Star Group declares $0.1725 dividend [Seeking Alpha]Seeking Alpha
- Star Group, L.P. Declares Quarterly Distribution of 17.25 Cents per UnitGlobeNewswire
- Star Group's Growth Strategies: Cheap Valuation, Pricing, And Acquisitions [Seeking Alpha]Seeking Alpha
- Star Group announces new credit facility [Seeking Alpha]Seeking Alpha
SGU
Sec Filings
- 10/17/24 - Form 8-K
- 10/1/24 - Form 8-K
- SGU's page on the SEC website