SEC Filing Summary: STAR GROUP, L.P. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by STAR GROUP, L.P. on December 6, 2024. The filing reports the entry into a material definitive agreement regarding the Company's credit facilities.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt balances, or liquidity ratios. The report focuses exclusively on a modification to the terms of the Company's credit agreement.
Material Changes
On December 6, 2024, the Company entered into a Consent to its Seventh Amended and Restated Credit Agreement with a syndicate of ten banks. This agreement modifies the following terms:
- Extends the deadline for signing and closing a specified acquisition to qualify as a "Permitted Acquisition" under the Credit Agreement.
- Extends the deadline for closing the specified acquisition to allow the Company to benefit from an increased advance rate on "customer routes" within the borrowing base calculation.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of new risks or contingencies beyond the terms of the credit agreement modification. No unusual items were reported.
Investor Verification Checklist
- Verify the specific identity of the "specified acquisition" referenced in the Consent.
- Confirm the new extended deadlines for signing and closing the acquisition.
- Review the Seventh Amended and Restated Credit Agreement (dated September 27, 2024) to understand the baseline borrowing base mechanics and the specific increase in the advance rate on customer routes.
- Check subsequent filings for the actual closing of the acquisition to determine if the extended deadlines were met.