Star Group amends credit agreement, adjusts acquisition definitions

By Sarah Lizee

Olympia, Wash., March 18 – Star Group, LP entered into an amended and restated first amendment and waiver to its fourth amended and restated credit agreement on March 12, according to an 8-K filing with the Securities and Exchange Commission.

The agreement is with a bank syndicate comprised of 12 participants.

The amendment deems a certain acquisition not to exceed $60 million to be a “permitted acquisition” and extends the deadline to execute that acquisition to April 15 from Jan. 10.

Based in Stamford, Conn., Star Group is a full-service provider specializing in the sale of home heating products and services to residential and commercial customers.

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