---
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"
generated_at: "2026-06-04T14:25:32.018947+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Suburban Propane refinances $500M credit facility, extends maturity to 2029

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-069719
- JSON: https://secwatch.observer/filing/0001193125-24-069719.json
- Plain text: https://secwatch.observer/filing/0001193125-24-069719.txt

## Key facts
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A. as Administrative Agent, Swing Line Lender and L/C Issuer and the other lenders named therein
  - Value: $500 million
  - Effective: 2024-03-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1005210/000119312524069719/0001193125-24-069719-index.htm
- Material Agreements
  SUBURBAN PROPANE PARTNERS LP terminated Third Amended and Restated Credit Agreement with Bank of America, N.A. (effective 2024-03-15).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Effective: 2024-03-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1005210/000119312524069719/0001193125-24-069719-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.