Suburban Propane Partners, L.P. Announces Pricing of Private Offering of Senior Notes

WHIPPANY, N.J. , Dec. 8, 2025 /PRNewswire/ -- Subur ban Propane Partners, L.P. (NYSE:SPH) ("Suburban Propane"), announced today the pricing of its offering of $350,000,000 aggregate principal amount of 6.500% senior notes due 2035 (the "2035 Senior Notes") in a private placement not registered under the Securities Act of 1933, as amended (the "Securities Act"), at par. Suburban Energy Finance Corp., a wholly-owned direct subsidiary of Suburban Propane (together with Suburban Propane, the "Issuers"), is the co-issuer of the 2035 Senior Notes. The sale of the 2035 Senior Notes is expected to close on December 22, 2025, subject to customary closing conditions.

The 2035 Senior Notes will bear interest at a rate of 6.500% per year and mature on December 15, 2035. Interest on the note