IPO - SUBURBAN PROPANE PARTNERS LP

Form Type: 424B5

Filing Date: 2025-02-21

Corporate Action: Ipo

Type: New

Accession Number: 000119312525030891

Filing Summary: Suburban Propane Partners, L.P. has filed a prospectus related to an equity distribution agreement allowing for the offering of up to $100 million of common units representing limited partner interests in the Partnership. The agreement, dated February 20, 2025, involves several agents including Wells Fargo Securities and J.P. Morgan Securities, and will facilitate the sale of common units through 'at-the-market' offerings directly on the NYSE. The document outlines the distribution plan where proceeds from sales may be used for general partnership purposes without specific restrictions on allocation. It highlights potential risks associated with investing in the common units, including market volatility and effects of economic conditions on demand for their products. The Partnership is noted for being the third-largest retail propane marketer in the U.S. and operates through approximately 700 locations across 42 states. The summary emphasizes risk factors linked to weather conditions, competition, regulatory changes, and operational hazards, and prompts investors to carefully consider these against their investment strategies.

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Form Type: S-3

Filing Date: 2025-02-12

Corporate Action: Ipo

Type: New

Accession Number: 000119312525024546

Filing Summary: Suburban Propane Partners, L.P. has filed a registration statement under the Securities Act of 1933 for an 'at-the-market' offering of common units, with an aggregate offering amount of up to $100.0 million. This filing serves as a shelf registration, permitting the partnership to sell its units over time. The offering includes common units representing limited partner interests and will be executed by sales agents such as Wells Fargo Securities, J.P. Morgan Securities, and BofA Securities. The units are listed on the New York Stock Exchange under the symbol 'SPH'. As of February 10, 2025, the last reported sale price of these units was $21.36 each. The utilization of the proceeds from the offering is planned for general partnership purposes. Comprehensive risk factors associated with this investment have been outlined in the prospectus, urging potential investors to review these alongside financial documents incorporated by reference before making investment decisions.

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