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Suburban Propane Partners, L.P. Announces Completion of $350,000,000 Issuance of 6.500% Senior Notes due 2035
Suburban Propane Partners, L.P. (NYSE:SPH) ("Suburban Propane") announced today the completion of its previously announced offering of $350 million aggregate principal amount of 6.500% Senior Notes due 2035 (the "2035 Senior Notes"), in a private offering to "qualified institutional buyers," as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and non-U.S. persons outside the United States under Regulation S under the Securities Act. Suburban Energy Financ
About this update from Suburban Propane Partners, L.p.
[{"type":"text","content":"WHIPPANY, N.J., Dec. 22, 2025 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH) ("Suburban Propane") announced today the completion of its previously announced offering of $350 million aggregate principal amount of 6.500% Senior Notes due 2035 (the "2035 Senior Notes"), in a private offering to "qualified institutional buyers," as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and non-U.S. persons outside the United States under Regulation S under the Securities Act. Suburban Energy Finance Corp. (together with Suburban Propane, the "Issuers"), a wholly-owned direct subsidiary of Suburban Propane, is the co-issuer of the 2035 Senior Notes.","length":759,"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 net proceeds of the offering of the 2035 Senior Notes, after deducting estimated offering expenses, was approximately $344.3 million, all of which will be used, together with borrowings under a revolving credit facility, to fund the redemption of all of the Issuers' 5.875% senior notes due 2027 (the "2027 Senior Notes"), and to pay related fees and expenses. On December 8, 2025, the Issuers sent a conditional notice of redemption to redeem all of the 2027 Senior Notes and today the Issuers satisfied and discharged the 2027 Senior Notes in accordance with their terms. The Issuers have deposited with the trustee sufficient funds to redeem the outstanding aggregate principal amount of all of the 2027 Senior Notes on the redemption date, which is scheduled to occur on January 7, 2026.","length":809,"tagName":"...