secwatch.observer — SEC 8-K summary
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Issuer:     STAR GROUP, L.P. (SGU)
CIK:        0001002590
Form:       8-K
Filed at:   2022-07-07T23:59:59+00:00
Accession:  0000950170-22-012531
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002590/000095017022012531/0000950170-22-012531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002590/000095017022012531/sgu-20220706.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-012531

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