secwatch.observer — SEC 8-K summary
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Issuer:     STAR GROUP, L.P. (SGU)
CIK:        0001002590
Form:       8-K
Filed at:   2024-12-06T23:59:59+00:00
Accession:  0000950170-24-134217
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Star Group extends deadlines for Project Avalon Acquisition under credit agreement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002590/000095017024134217/0000950170-24-134217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002590/000095017024134217/sgu-20241206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-134217

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer