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Suburban Propane Partners, L.P. Announces Proposed Private Offering of Senior Notes
Suburban Propane Partners, L.P. (NYSE: SPH) ("Suburban Propane") announced today that it intends, subject to market conditions, to offer $350,000,000 aggregate principal amount of senior notes due 2035 (the "2035 Senior Notes") in a private placement not registered under the Securities Act of 1933, as amended (the "Securities Act"). Suburban Energy Finance Corp., a wholly owned direct subsidiary of Suburban Propane (together with Suburban Propane, the "Issuers"), will serve as the co-issuer of t
About this update from Suburban Propane Partners, L.p.
[{"type":"text","content":"WHIPPANY, N.J., Dec. 8, 2025 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE: SPH) ("Suburban Propane") announced today that it intends, subject to market conditions, to offer $350,000,000 aggregate principal amount of senior notes due 2035 (the "2035 Senior Notes") in a private placement not registered under the Securities Act of 1933, as amended (the "Securities Act"). Suburban Energy Finance Corp., a wholly owned direct subsidiary of Suburban Propane (together with Suburban Propane, the "Issuers"), will serve as the co-issuer of the 2035 Senior Notes. Suburban Propane intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to redeem all the outstanding $350,000,000 aggregate principal amount of the Issuers' 5.875% senior notes due 2027. There can be no assurance that the issuance and sale of any debt securities of the Issuers will be consummated.","length":968,"tagName":"p"},{"type":"image","alt":"Suburban Propane Logo (PRNewsfoto/Suburban Propane Partners, L.P.)","displaySize":"","headline":null,"caption":"Suburban Propane Logo (PRNewsfoto/Suburban Propane Partners, L.P.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":191,"url":"https://media.zenfs.com/en/prnewswire.com/dc64ae6385b2e2bb5c7ed166fc909d71"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/9B_8gXibKC4MWFuoVXuipw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMzNztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/dc64ae6385b2e2bb5c7ed166fc909d71","width":400,"height":191}},"href":"https://mma.prnewswire.com/media/2729483/Suburban_Propane_Logo1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The 2035 Senior Notes will be offered only (1) in the United States to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act; and (2) outside the United States to persons other than "U.S. persons" in compliance with Regulation S under the Securities Act. The 2035 Senior Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States or to, or for the benefit of U.S. persons, except pursuant to an applicable exemption from the registration requirements of the...