Star Gas Partners amends and restates $300 million credit facility

By Angela McDaniels

Tacoma, Wash., June 6 - Star Gas Partners, LP said it entered into an amended and restated $300 million credit facility, which it may increase to up to $400 million in the future.

The term of the credit agreement was extended to June 2016 from July 2012, according to a company news release.

J.P. Morgan Securities LLC, Bank of America Merrill Lynch and RBS Citizens, NA are the lead arrangers and bookrunners. Key Bank NA, PNC Bank, NA, Regions Bank, TD Bank, NA and Wells Fargo Capital Finance, LLC are the senior managing agents. JPMorgan Chase Bank, NA is the administrative agent. Bank of America, NA is the syndication agent. RBS Citizens is the documentation agent.

Star Gas is a retail distributor of home heating oil. It is based in Stamford, Conn.

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