debt
confidence high
sentiment neutral
materiality 0.65
Suburban Propane prices $350M 6.5% senior notes due 2035, redeems 5.875% 2027 notes
SUBURBAN PROPANE PARTNERS LP
- Issued $350M aggregate principal amount of 6.500% senior notes due 2035 at par.
- Notes mature Dec 15, 2035; interest payable semiannually starting June 15, 2026.
- Proceeds, with credit facility borrowings, to redeem all $350M of 5.875% senior notes due 2027.
- Offering expected to close Dec 22, 2025, subject to customary conditions.
- Suburban may redeem up to 35% of notes before Dec 15, 2028 with equity offering proceeds at 106.5%.