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Suburban Propane Partners, L.P. Announces Proposed Private Offering of Senior Notes
Prnewswire· 2025-12-08 12:58
Core Viewpoint - Suburban Propane Partners, L.P. plans to offer $350 million in senior notes due 2035 to redeem existing senior notes due 2027, subject to market conditions [1] Group 1: Offering Details - The 2035 Senior Notes will be offered in a private placement, not registered under the Securities Act, targeting qualified institutional buyers in the U.S. and non-U.S. persons outside the U.S. [2] - The net proceeds from the offering will be used, along with borrowings from the revolving credit facility, to redeem all outstanding $350 million of the 5.875% senior notes due 2027 [1] Group 2: Company Overview - Suburban Propane is a publicly traded master limited partnership, headquartered in Whippany, New Jersey, and has been in the customer service business since 1928 [4] - The company distributes propane, renewable propane, renewable natural gas, fuel oil, and related products, servicing approximately 1 million customers across 42 states [4] Group 3: Company Values - Suburban Propane is built on three core pillars: commitment to excellence in customer service, dedication to community support, and promotion of low-carbon energy solutions [5]
Carpenter Technology Corporation Announces Proposed $700.0 Million Private Offering of Senior Notes Due 2034
Globenewswire· 2025-11-10 12:35
Core Viewpoint - Carpenter Technology Corporation plans to offer $700 million in senior notes due 2034 to qualified institutional buyers and certain persons outside the U.S. [1] Group 1: Offering Details - The company intends to use the net proceeds from the offering, along with cash on hand, to fully redeem its 6.375% senior notes due 2028 and repay its 7.625% senior notes due 2030, including any accrued interest [2] - The notes will not be registered under the Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [3] Group 2: Company Overview - Carpenter Technology Corporation is a leader in high-performance specialty alloy materials for critical applications in aerospace, defense, and medical markets [5] - The company has been a pioneer in premium specialty alloys, including nickel, cobalt, and titanium, since its founding in 1889 [5]
Century Communities Announces Pricing of Private Offering of $500 Million of Senior Notes due 2033
Prnewswire· 2025-09-03 23:02
Core Viewpoint - Century Communities, Inc. has announced a private offering of $500 million in Senior Notes with an interest rate of 6.625%, aimed at refinancing existing debt [1][3]. Group 1: Offering Details - The offering consists of $500 million aggregate principal amount of 6.625% Senior Notes due 2033, guaranteed by the company's subsidiaries [1]. - The Notes will be sold at a price of 100% of the principal amount [1]. - The expected closing date for the offering is September 17, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - The company anticipates net proceeds of approximately $494 million after deducting initial purchasers' discounts and other estimated fees [3]. - The net proceeds will be used, along with cash on hand, to finance the redemption of all $500 million of its 6.750% Senior Notes due 2027 [3]. Group 3: Company Overview - Century Communities is one of the largest homebuilders in the U.S., recognized for its online home sales and has received accolades for trustworthiness and workplace quality [6]. - The company operates in 16 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow services [6].