Star Group extends deadlines for Project Avalon Acquisition under credit agreement

STAR GROUP, L.P.

Consent extends deadline to provide executed Asset Purchase Agreement for Project Avalon from Nov 15 to Dec 18, 2024.
Closing deadline for the acquisition to qualify for higher borrowing base advance rate moved from Dec 31, 2024 to Feb 14, 2025.
If acquisition closes by Feb 14, 2025, borrowing base advance on customer routes increases to 65% (from 60%) then amortizes.
Consent involves a syndicate of ten lenders; no new proceeds or interest rate changes.

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