{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-069719","form_type":"8-K","ticker":"SPH","cik":"0001005210","company_name":"SUBURBAN PROPANE PARTNERS LP","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.061813+00:00","generated_at":"2026-06-04T14:25:32.018947+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Suburban Propane refinances $500M credit facility, extends maturity to 2029","bullets":["New $500M revolving credit facility executed March 15, 2024, matures March 15, 2029 (or 91 days before 2027 notes).","Existing $187.9M borrowings rolled into new facility; ability to increase total size to $850M.","Financial covenants maintained: interest coverage >=2.50x, total leverage <=5.75x, senior secured leverage <=3.25x.","Bank syndication includes Bank of America, Wells Fargo, JP Morgan, Citizens, Capital One, M&T, HSBC, CoBank.","Refinancing extends maturity from March 2025, providing enhanced financial flexibility for strategic growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-069719","json":"https://secwatch.observer/filing/0001193125-24-069719.json","markdown":"https://secwatch.observer/filing/0001193125-24-069719.md","text":"https://secwatch.observer/filing/0001193125-24-069719.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1005210/000119312524069719/0001193125-24-069719-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1005210/000119312524069719/d747502d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T14:25:32.018947+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"96754b99f556f991c8083076c157c37da9f97b5e","claim":"SUBURBAN PROPANE PARTNERS LP amended Fourth Amended and Restated Credit Agreement with Bank of America, N.A. as Administrative Agent, Swing Line Lender and L/C Issuer and the other lenders named therein valued at $500 million (effective 2024-03-15).","evidence_excerpt":"On March 15, 2024, Suburban Propane Partners, L.P. (the “Partnership”) and Suburban Propane, L.P., a wholly-owned subsidiary of the Partnership (the “Operating Partnership”), entered into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”) with Bank of America, N.A. as Administrative Agent, Swing Line Lender and L/C Issuer and the other lenders named therein (collectively, the “Lenders”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1005210/000119312524069719/0001193125-24-069719-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A. as Administrative Agent, Swing Line Lender and L/C Issuer and the other lenders named therein"},{"label":"Value","value":"$500 million"},{"label":"Effective","value":"2024-03-15"}],"fact_type":"material_agreement"},{"claim_id":"98f42f3f847cf175052664266cf7535e9dba1064","claim":"SUBURBAN PROPANE PARTNERS LP terminated Third Amended and Restated Credit Agreement with Bank of America, N.A. (effective 2024-03-15).","evidence_excerpt":"The Credit Agreement amends and restates the Operating Partnership’s Third Amended and Restated Credit Agreement with Bank of America, N.A. dated as of March 5, 2020","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1005210/000119312524069719/0001193125-24-069719-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Effective","value":"2024-03-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}