---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-049945"
form_type: "8-K"
ticker: "SGU"
cik: "0001002590"
company_name: "STAR GROUP, L.P."
filed_at: "2023-09-26T23:59:59+00:00"
generated_at: "2026-06-10T08:29:18.969911+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Star Group amends credit facility; relaxes fixed charge coverage ratios temporarily

## Summary
- Petro, a Star subsidiary, signed first amendment to Sixth Amended and Restated Credit Agreement on Sept 26, 2023.
- Minimum fixed charge coverage ratio for distributions/repurchases reduced to 1.00:1.00 from Oct 31, 2023 to Feb 27, 2024.
- Same ratio reduction applies if availability under facility drops below 12.5% during the Relief Period.
- Temporary relief is intended to allow continued distributions and unit repurchases or support acquisition-related liquidity needs.
- Ratios revert to original levels after Feb 28, 2024; no other covenant changes.

## SEC filing metadata
- accession: 0000950170-23-049945
- form_type: 8-K
- ticker: SGU
- cik: 0001002590
- company_name: STAR GROUP, L.P.
- filed_at: 2023-09-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002590/000095017023049945/0000950170-23-049945-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002590/000095017023049945/sgu-20230926.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-049945
- JSON: https://secwatch.observer/filing/0000950170-23-049945.json
- Plain text: https://secwatch.observer/filing/0000950170-23-049945.txt

## Key facts
- Material Agreements
  STAR GROUP, L.P. amended first amendment with a group of banks (effective 2023-09-26).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: a group of banks
  - Effective: 2023-09-26
  source text: Petroleum Heat and Power Co., Inc., a Minnesota corporation (“Petro”), which is an indirect subsidiary of Star Group, L.P., a Delaware limited partnership (the “Partnership” or “Star”), signed a first amendment (the “Amendment”) to its Sixth Amended and Restated Credit Agreement with a group of banks (the “Credit Agreement”), which provides temporary relief from certain financial covenants under the Credit Agreement that must be satisfied in order for the Partnership to make distributions and unit repurchases
  evidence_url: https://www.sec.gov/Archives/edgar/data/1002590/000095017023049945/0000950170-23-049945-index.htm

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