Suburban Propane to redeem all 7.54% notes, 7.37% notes with note offering proceeds

By Caroline Salls

Pittsburgh, March 16 - Suburban Propane Partners LP said it will redeem all of subsidiary Suburban Propane LP's $297.5 million 7.54% senior notes due 2011 and $42.5 million 7.37% senior notes due 2012 using proceeds from Suburban Propane Partners' $250 million offering of 6 7/8% senior notes due 2013.

The redemption will also be funded with borrowings under the company's term loan facility.

Suburban Propane Partners is a Whippany, N.J., marketer of propane gas, fuel oil and related products and services.

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