---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-110563"
form_type: "8-K"
ticker: "SGU"
cik: "0001002590"
company_name: "STAR GROUP, L.P."
filed_at: "2024-10-01T23:59:59+00:00"
generated_at: "2026-05-30T22:56:03.851906+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Star Group enters $400M/$475M ABL facility and $210M term loan, maturing Sept 2029

## Summary
- New credit facility provides up to $400M revolving line ($475M Dec-Apr) and a $210M five-year secured term loan.
- Proceeds used to repay $132.1M existing debt; remaining $77.9M earmarked for acquisitions and corporate purposes.
- Term loan requires quarterly payments of $5.3M plus annual excess cash flow sweep up to $4M.
- Covenants include fixed charge coverage >=1.1:1.0 and senior secured leverage <=3.0:1.0 (June/Sept) and <=5.5:1.0 (Dec/Mar).
- Facility expires September 27, 2029; restrictions placed on distributions and additional indebtedness.

## SEC filing metadata
- accession: 0000950170-24-110563
- form_type: 8-K
- ticker: SGU
- cik: 0001002590
- company_name: STAR GROUP, L.P.
- filed_at: 2024-10-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1002590/000095017024110563/0000950170-24-110563-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1002590/000095017024110563/sgu-20240927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-110563
- JSON: https://secwatch.observer/filing/0000950170-24-110563.json
- Plain text: https://secwatch.observer/filing/0000950170-24-110563.txt

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