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 March 12, 2019. The filing discloses the entry into a material definitive agreement regarding the Company's credit facilities.
Key Financial Metrics
The filing does not provide specific values for revenue, profit, cash flow, margins, total debt, or liquidity positions. The document focuses exclusively on a contractual amendment to the Company's credit agreement.
Material Changes
On March 12, 2019, the Company entered into an Amended and Restated First Amendment and Waiver to its Fourth Amended and Restated Credit Agreement with a syndicate of twelve banks. The material changes include:
- Designation of a specified acquisition not to exceed $60 million as a "Permitted Acquisition" under the Credit Agreement.
- Extension of the deadline to execute this specified acquisition from January 10, 2019, to April 15, 2019.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. No specific risks or contingencies are detailed beyond the terms of the credit agreement amendment. There are no unusual items reported in this document.
Investor Verification Checklist
- Verify the identity and financial status of the twelve bank participants in the syndicate.
- Confirm the specific target of the $60 million "Permitted Acquisition" referenced in the amendment.
- Review the full text of the Fourth Amended and Restated Credit Agreement to understand existing covenants and the impact of this waiver.
- Monitor whether the acquisition is executed by the new April 15, 2019 deadline.