Suburban Propane tenders for $346.18 million of 7 3/8% notes due 2021

By Susanna Moon

Chicago, Feb. 7 – Suburban Propane Partners, LP and Suburban Energy Finance Corp. have begun a cash tender offer for their $346.18 million of 7 3/8% senior notes due 2021.

The purchase price will be $1,041.45 for each $1,000 principal amount.

Holders will receive accrued interest up to but excluding the payment date of Feb. 14.

The tender offer will end at 5 p.m. ET on Feb. 13.

Wells Fargo Securities, LLC (866 309-6316 or 704 410-4760) is the dealer manager. Global Bondholder Services Corp. (212 430-3774, 866 794-2200 or gbsc-usa.com/suburbanpropane/) is the tender and information agent.

Based in Whippany, N.J., Suburban Propane supplies propane, fuel oil and related products and services and markets natural gas and electricity.

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