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Published on 12/9/2009 in the Prospect News High Yield Daily.

Star Gas Partners bought back $4 million more 10¼% notes in quarter

By Jennifer Chiou

New York, Dec. 9 - Star Gas Partners, LP repurchased an additional $4 million of its 10¼% senior notes due 2013 during the fourth quarter of fiscal 2009 ended on Sept. 30, according to a 10-K filing with the Securities and Exchange Commission.

During fiscal 2009, the company said it bought back $40.3 million total of the notes for $30.2 million.

The company added that it is considering calling a portion of the notes in February.

Star Gar is a Stamford, Conn.-based home energy distributor and services provider specializing in heating oil.


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