Suburban Propane closes $350M 6.5% Senior Notes due 2035; redeems 5.875% notes

SUBURBAN PROPANE PARTNERS LP

Issued $350M aggregate principal of 6.500% Senior Notes due 2035; net proceeds $344.3M after expenses.
Proceeds plus revolver borrowings fund redemption of all outstanding 5.875% Senior Notes due 2027 (redemption Jan 7, 2026).
Notes are unsecured senior obligations, ranking pari passu with existing unsecured senior debt; subject to customary covenants.
Private offering to QIBs and non-U.S. persons under Rule 144A/Reg S, not registered under Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SUBURBAN PROPANE PARTNERS LP incurred senior notes of $350,000,000 with The Bank of New York Mellon at 6.500% maturing 2035.

Instrument: senior notes
Principal: $350,000,000
Counterparty: The Bank of New York Mellon
Rate: 6.500%
Maturity: 2035
Event: incurrence

Exact text from the filing

On December 22, 2025, Suburban Propane Partners, L.P. (“Suburban Propane”) and Suburban Energy Finance Corp. (together with Suburban Propane, “Suburban”) entered into an indenture (the “2035 Senior Notes Indenture”) with The Bank of New York Mellon, as trustee (the “Trustee”), in connection with the previously announced offering of $350,000,000 aggregate principal amount of Suburban’s 6.500% Senior Notes due 2035 (the “2035 Senior Notes”).

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Source: SEC EDGAR

accession 0001193125-25-328769

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