Star Gas to buy back all $82.5 million 10¼% notes due 2013

By Melissa Kory

Cleveland, Nov. 9 - Star Gas Partners, LP announced that it will purchase all of its outstanding 10¼% senior notes due 2013, currently totaling $82.5 million, using a portion of the proceeds from its proposed Rule 144A offering of $125 million senior notes due 2017.

Remaining proceeds from the offering will be used for general purposes.

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

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