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Star Group announces new $400M credit facility

Jul. 07, 2022 4:50 PM ETStar Group, L.P. (SGU)By: SA News Team
  • 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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