Suburban Propane Partners, L.P. announced the pricing of its offering of $350,000,000 aggregate principal amount of 6.500% senior notes due 2035 in a private placement.
The sale of the senior notes is expected to close on December 22, 2025, subject to customary closing conditions.
The offering is intended to redeem all outstanding $350,000,000 aggregate principal amount of the Issuers' 5.875% senior notes due 2027.
Offering Details
Senior notes offering of $350,000,000 at 6.500% due 2035 in a private placement.
Redemption Option
Redemption of up to 35% of outstanding senior notes before December 15, 2028, and applicable redemption premiums after December 15, 2030.
Use of Proceeds
Net proceeds to be used for redemption of existing senior notes and borrowings under revolving credit facility.
- The offering will provide Suburban Propane with additional capital for financial activities and debt management.
- Redemption of existing senior notes will impact the company's debt structure and future interest obligations.
The successful pricing of the senior notes offering will support Suburban Propane's financial strategy and enhance its debt management practices.