Dec 26, 2025 • Simply Wall Street
NEUTRAL
What Suburban Propane Partners (SPH)'s 2035 Debt Refinance Means For Shareholders
Suburban Propane Partners has refinanced US$350 million in 5.875% senior notes due 2027 with new 6.500% senior notes due 2035, aiming to reshape its debt schedule and increase financial flexibility for its propane and renewable fuel initiatives. While this extends debt maturity, it keeps interest costs elevated, and the partnership's high leverage and interest obligations remain a key concern for investors. The move highlights the company's strategy to fund growth in cleaner fuels alongside its current distributions.
Dec 23, 2025 • PR Newswire
BULLISH
Suburban Propane Partners, L.P. Announces Completion of $350,000,000 Issuance of 6.500% Senior Notes due 2035
Suburban Propane Partners, L.P. announced the completion of its $350 million private offering of 6.500% Senior Notes due 2035. The net proceeds of approximately $344.3 million, along with borrowings, will be used to redeem all of the Issuers' 5.875% senior notes due 2027. The redemption date for the 2027 Senior Notes is scheduled for January 7, 2026.
Dec 22, 2025 • TipRanks
BULLISH
Suburban Propane Completes $350 Million Senior Notes Offering
Suburban Propane Partners, L.P. (SPH) successfully issued $350 million in 6.500% senior notes due 2035, with net proceeds of approximately $344.3 million. These funds, combined with a revolving credit facility, will be used to redeem all outstanding 5.875% senior notes due 2027, effectively extending the company's debt maturity profile and reshaping its capital structure. The company is rated as "Outperform" by TipRanks' AI Analyst, citing strong financial performance, positive technical indicators, and attractive valuation.
Dec 22, 2025 • CBS 42
SOMEWHAT-BULLISH
Suburban Propane Partners, L.P. Announces Completion of $350,000,000 Issuance of 6.500% Senior Notes due 2035
Suburban Propane Partners, L.P. (NYSE: SPH) announced the completion of its $350 million offering of 6.500% Senior Notes due 2035. The net proceeds of approximately $344.3 million will be used to fund the redemption of the Issuers' 5.875% senior notes due 2027 and cover related expenses, with the redemption scheduled for January 7, 2026. This move is part of the company's financial strategy to refinance existing debt.
Dec 18, 2025 • Simply Wall Street
NEUTRAL
Will Refinancing 2027 Notes With 2035 Debt Change Suburban Propane Partners' (SPH) Narrative?
Suburban Propane Partners has refinanced its 2027 senior notes with new 2035 debt, extending maturity but at a higher interest rate. This move will impact the company's interest costs and flexibility for funding distributions and growth, particularly as it balances this with RNG investments and propane seasonality. While the refinancing extends debt maturities, it introduces higher interest expenses which could constrain future financial flexibility.
Dec 18, 2025 • Simply Wall Street
NEUTRAL
Will Refinancing 2027 Notes With 2035 Debt Change Suburban Propane Partners' (SPH) Narrative?
Suburban Propane Partners recently refinanced its 2027 senior unsecured notes with new 2035 debt, extending its maturity profile but at a higher interest rate. This move does not fundamentally alter the company's near-term narrative based on renewable natural gas (RNG) ramp-up or its leverage concerns. The refinancing's impact on interest costs will affect future capacity for distributions and growth projects, making it crucial for investors to monitor how Suburban Propane balances this fixed income burden given its high leverage.