SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
January 15, 1999 (January 15, 1999)
________________________________________________
Date of report (Date of earliest event reported)
All Star Gas Corporation
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(Exact Name of Registrant as Specified in Charter)
Missouri 1-11393 43-1494323
______________ _____________________ __________________
(State of (Commission File No.) (IRS Employer
Incorporation) Identification No.)
P.O. Box 303
119 West Commercial Street
Lebanon, Missouri 65536
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(Address of Principal Executive Offices and Zip Code)
(417) 532-3103
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(Registrant's telephone number, including area code)
N/A
_____________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
A copy of the press release issued by All Star Gas Corporation on
January 15, 1999 is filed as Exhibit 99.1 to this Current Report and is
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma
Financial Information and Exhibits.
(c) Exhibits
99.1 Press Release issued by All Star Gas
Corporation on January 15, 1999
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: January 15, 1999
ALL STAR GAS CORPORATION
By: /s/ Valeria Schall
-----------------------------------
Name: Valeria Schall
Title: Executive Vice President
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release issued by All Star Gas Corporation on
January 15, 1999
Exhibit 99.1
[ALL STAR GAS CORPORATION LOGO]
FOR IMMEDIATE RELEASE - January 15, 1999
Lebanon, Missouri
All Star Gas Corporation announced today that it expects to use a
portion of its 30 day grace period to pay interest on its $127,200,000
principal amount of its 12-7/8% Senior Secured Notes due 2004.
On January 15, 1999, the Company advised the Trustee, State
Street Bank, that the $4.5 million dollar payment would be paid within the
30 day grace period. The Company intends to make the required payment
within the grace period allowed.
The Company also announced that Bank of America has notified the
Company that it does not intend to renew its revolving credit facility when
it expires on March 29, 1999. The Company is currently in negotiations
with another lender to provide a new facility. Although the Company
believes that it will secure a new credit facility prior to the expiration
of its existing facility, there can be no assurance that it will be able to
do so.
The Company has engaged PaineWebber as its financial advisor to
explore financing and other strategic alternatives for the Company.
This press release contains statements that are forward looking.
These statements are not projections or assured results.
For More Information Contact
Valeria Schall, Executive Vice President
417-532-3103
