---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-012531"
form_type: "8-K"
ticker: "SGU"
cik: "0001002590"
company_name: "STAR GROUP, L.P."
filed_at: "2022-07-07T23:59:59+00:00"
generated_at: "2026-06-24T18:54:13.128585+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Star Group enters new $400M credit facility with $165M term loan to repay debt

## Summary
- Revolver size of $400M ($550M Dec-Apr); letters of credit up to $25M.
- $165M five-year senior secured term loan to repay existing outstanding debt.
- Facility matures July 6, 2027; quarterly term-loan payments of $4.1M.
- Covenants: fixed-charge coverage >=1.1:1, leverage ratios 3.0:1 (Jun/Sep) and 5.5:1 (Dec/Mar).
- Syndicate includes JPMorgan, Bank of America, Citizens Bank, Keybank, TD Bank, BMO, Wells Fargo.

## SEC filing metadata
- accession: 0000950170-22-012531
- form_type: 8-K
- ticker: SGU
- cik: 0001002590
- company_name: STAR GROUP, L.P.
- filed_at: 2022-07-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002590/000095017022012531/0000950170-22-012531-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002590/000095017022012531/sgu-20220706.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-012531
- JSON: https://secwatch.observer/filing/0000950170-22-012531.json
- Plain text: https://secwatch.observer/filing/0000950170-22-012531.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.