---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-328769"
form_type: "8-K"
ticker: "SPH"
cik: "0001005210"
company_name: "SUBURBAN PROPANE PARTNERS LP"
filed_at: "2025-12-22T23:59:59+00:00"
generated_at: "2026-05-16T12:22:54.204516+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-328769
- form_type: 8-K
- ticker: SPH
- cik: 0001005210
- company_name: SUBURBAN PROPANE PARTNERS LP
- filed_at: 2025-12-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005210/000119312525328769/0001193125-25-328769-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005210/000119312525328769/d23138d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-328769
- JSON: https://secwatch.observer/filing/0001193125-25-328769.json
- Plain text: https://secwatch.observer/filing/0001193125-25-328769.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005210/000119312525328769/0001193125-25-328769-index.htm

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