- Star Group (NYSE:SGU) stated Thursday that it has entered into a sixth amended and restated asset-based credit facility for up to $400M.
- The facility expires in July 2027 and provides extended $550M lending option during the heating season from December through April each year. It also offers a $165M five year senior secured term loan.
- The company said proceeds from the term loan will be used to repay existing outstanding debt.
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