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Suburban Propane Partners, L.P. Announces Pricing of Private Offering of Senior Notes
Prnewswire· 2025-12-08 22:14
Core Viewpoint - Suburban Propane Partners, L.P. has announced the pricing of a $350 million offering of 6.500% senior notes due 2035, which will close on December 22, 2025, subject to customary conditions [1][2]. Group 1: Offering Details - The 2035 Senior Notes will have an interest rate of 6.500% per year, maturing on December 15, 2035, with interest payable semi-annually starting June 15, 2026 [2]. - Suburban Propane may redeem up to 35% of the 2035 Senior Notes before December 15, 2028, at a redemption price of 106.500% of their principal amount plus accrued interest [2]. - The offering is targeted at qualified institutional buyers in the U.S. and other non-U.S. persons, complying with specific regulations under the Securities Act [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be used, along with borrowings from a revolving credit facility, to redeem all outstanding $350 million of the Issuers' 5.875% senior notes due 2027 [3]. Group 3: 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, serving approximately 1 million customers across 42 states [6]. - The company distributes propane, renewable propane, renewable natural gas, fuel oil, and related products, and is also involved in marketing natural gas and electricity [6]. - Suburban Propane emphasizes its commitment to safety, community service, and low-carbon energy solutions through its core pillars: Commitment to Excellence, SuburbanCares, and Go Green with Suburban Propane [7].
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]
Suburban Propane Partners, L.P. Annual Report Available Online
Prnewswire· 2025-11-26 15:15
Core Insights - Suburban Propane Partners, L.P. has filed its Annual Report on Form 10-K for the fiscal year ended September 27, 2025, with the SEC [1] - The company is a publicly traded master limited partnership, providing propane and related services to approximately 1 million customers across 42 states [3] Company Overview - Suburban Propane has been in operation since 1928, focusing on customer service and distributing propane, renewable propane, renewable natural gas, fuel oil, and other energy products [3] - The company operates around 750 locations nationwide, servicing residential, commercial, governmental, industrial, and agricultural sectors [3] Core Values - The company emphasizes three core pillars: 1. Commitment to Excellence, highlighting its legacy and customer service standards [4] 2. SuburbanCares, which focuses on community engagement and support [4] 3. Go Green with Suburban Propane, promoting clean energy solutions and investment in renewable energy alternatives [4]
Suburban Propane Partners, L.P. to Hold Fiscal 2025 Third Quarter Results Conference Call
Prnewswire· 2025-07-23 20:25
Core Viewpoint - Suburban Propane Partners, L.P. is set to announce its Fiscal 2025 Third Quarter results on August 7, 2025, with a conference call for analysts and investors to discuss the results and business outlook [1]. Company Overview - Suburban Propane Partners, L.P. is a publicly traded master limited partnership listed on the NYSE, headquartered in Whippany, New Jersey, and has been in the customer service business since 1928 [3]. - The company distributes propane, renewable propane, renewable natural gas, fuel oil, and related products and services, serving approximately 1 million customers across 42 states through around 700 locations [3]. Core Pillars - The company is supported by three core pillars: 1. **Suburban Commitment** - Emphasizing a legacy of nearly 100 years and a commitment to high standards in customer service [4]. 2. **SuburbanCares** - Focusing on community engagement and giving back to local communities [4]. 3. **Go Green with Suburban Propane** - Promoting propane and renewable propane as clean energy alternatives and investing in innovative renewable energy solutions [4].
Suburban Propane Named Title Sponsor of "Track to Table" at Sonoma Raceway Benefiting Speedway Children's Charities
Prnewswire· 2025-07-11 16:00
Company Overview - Suburban Propane Partners, L.P. is a publicly traded master limited partnership listed on the NYSE, headquartered in Whippany, New Jersey, and has been in the customer service business since 1928 [5] - The company distributes propane, renewable propane, renewable natural gas, fuel oil, and related products and services, and also markets natural gas and electricity, servicing approximately 1 million customers across 700 locations in 42 states [5] Community Engagement - Suburban Propane is the main sponsor of the Track to Table event, which merges NASCAR with fine dining and charitable giving, benefiting Speedway Children's Charities Sonoma [1][2] - The company emphasizes its commitment to community-focused initiatives through its SuburbanCares platform, aiming to support local organizations and programs that impact children and families in need [3][6] Event Highlights - The Track to Table event features a culinary experience with wine pairings from local wineries and an acoustic performance by country music artist Tim Dugger, along with a live charity auction [4] - The event is designed to celebrate the food and wine of Sonoma while supporting vulnerable children and families [4] Corporate Values - Suburban Propane operates under three core pillars: Suburban Commitment, SuburbanCares, and Go Green with Suburban Propane, focusing on customer service excellence, community support, and promoting renewable energy alternatives [6]
Suburban Propane Partners, L.P. to Hold Fiscal 2025 Second Quarter Results Conference Call
Prnewswire· 2025-04-23 20:20
Core Viewpoint - Suburban Propane Partners, L.P. is set to hold its Fiscal 2025 Second Quarter Results Conference Call on May 8, 2025, at 9:00 AM Eastern Time, inviting analysts and investors to discuss the results and business outlook [1]. Company Overview - Suburban Propane Partners, L.P. is a publicly traded master limited partnership listed on the NYSE, headquartered in Whippany, New Jersey, and has been in the customer service business since 1928 [3]. - The company distributes propane, renewable propane, renewable natural gas, fuel oil, and related products and services, serving approximately 1 million customers across 42 states through around 700 locations [3]. Core Pillars - Suburban Propane is supported by three core pillars: 1. **Suburban Commitment** - Emphasizing a legacy of nearly 100 years and a commitment to high standards in customer service [4]. 2. **SuburbanCares** - Highlighting the company's dedication to community engagement across its national footprint [4]. 3. **Go Green with Suburban Propane** - Promoting the clean-burning nature of propane and renewable propane as a bridge to a green energy future, while investing in innovative renewable energy alternatives [4].