0001193125-13-274897.txt : 20130627 0001193125-13-274897.hdr.sgml : 20130627 20130627164459 ACCESSION NUMBER: 0001193125-13-274897 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130627 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130627 DATE AS OF CHANGE: 20130627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUBURBAN PROPANE PARTNERS LP CENTRAL INDEX KEY: 0001005210 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS RETAIL [5900] IRS NUMBER: 223410353 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14222 FILM NUMBER: 13937938 BUSINESS ADDRESS: STREET 1: P O BOX 206 STREET 2: 240 ROUTE 10 WEST CITY: WIPPANY STATE: NJ ZIP: 07981 BUSINESS PHONE: 9738875300 MAIL ADDRESS: STREET 1: ONE SUBURBAN PLZ STREET 2: 240 RTE 10 WEST CITY: WHIPPANY STATE: NJ ZIP: 07981 8-K 1 d560231d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 27, 2013

 

 

SUBURBAN PROPANE PARTNERS, L.P.

(Exact name of registrant as specified in its charter)

 

 

 

            Delaware                       1-14222               22-3410353    

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

240 Route 10 West

            Whippany, NJ            

      07981    
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code (973) 887-5300

 

 

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 7.01 Regulation FD Disclosure

On June 27, 2013, Suburban Propane Partners, L.P. (NYSE: SPH) issued a notice of partial redemption for $133.4 million aggregate principal amount of its outstanding 7 3/8% Senior Notes due 2021 (the “2021 Notes”) at a cash redemption price equal to 107.375% of the principal amount of the 2021 Notes, plus accrued and unpaid interest, if any, to, but not including, the redemption date (the “Redemption Price”). The redemption date will be August 2, 2013 (the “Redemption Date”). Upon completion of the redemption, approximately $370.0 million aggregate principal amount of the 2021 Notes will remain outstanding.

Payment of the Redemption Price will be made on or after the Redemption Date only upon presentation and surrender of the 2021 Notes to the paying agent. Interest on the 2021 Notes called for redemption will cease to accrue on and after the Redemption Date. The notice of partial redemption will be sent by The Bank of New York Mellon, the trustee for the 2021 Notes, to the registered holders of the 2021 Notes.

A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference. A copy of the notice of partial redemption is attached to this Current Report on Form 8-K as Exhibit 99.2 and is incorporated herein by reference.

The information in this Report, including the exhibit attached hereto, is furnished solely pursuant to Item 7.01 of this Current Report on Form 8-K. Consequently, it is not deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Current Report on Form 8-K.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits:

 

99.1    Press Release, dated June 27, 2013
99.2    Notice of Partial Redemption, dated June 27, 2013


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    SUBURBAN PROPANE PARTNERS, L.P.

Date: June 27, 2013

    By:   /s/ Michael A. Stivala
       

Name:  Michael A. Stivala

       

Title:    Chief Financial Officer

EX-99.1 2 d560231dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

Suburban Propane Partners, L.P. Announces Redemption

of $133.4 Million of Its 7 3/8% Senior Notes Due 2021

Whippany, New Jersey, June 27, 2013 — Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity (the “Partnership”), today announced that it is issuing a notice of partial redemption for $133.4 million aggregate principal amount of its outstanding 7 3/8% Senior Notes due 2021 (the “2021 Notes”) at a cash redemption price equal to 107.375% of the principal amount of the 2021 Notes, plus accrued and unpaid interest, if any, to, but not including, the redemption date. The redemption date will be August 2, 2013. Upon completion of the redemption, approximately $370.0 million aggregate principal amount of the 2021 Notes will remain outstanding.

Payment of the redemption price will be made on or after the redemption date only upon presentation and surrender of the 2021 Notes to the paying agent. Interest on the 2021 Notes that have been called for redemption will cease to accrue on and after the redemption date.

The notice of partial redemption will be distributed by The Bank of New York Mellon, the trustee for the 2021 Notes, to the registered holders of the 2021 Notes. Copies of the notice of partial redemption and additional information relating to the procedure for redemption may be obtained from The Bank of New York Mellon at 1.800.254.2826. Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution.

Suburban Propane Partners, L.P. is a publicly-traded master limited partnership listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey, Suburban has been in the customer service business since 1928. The Partnership serves the energy needs of more than 1.2 million residential, commercial, industrial and agricultural customers through more than 750 locations in 41 states.

EX-99.2 3 d560231dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

NOTICE OF PARTIAL REDEMPTION

SUBURBAN PROPANE PARTNERS, L.P.

SUBURBAN ENERGY FINANCE CORP.

7 3/8% SENIOR NOTES DUE 2021

(CUSIP Number 864486 AG0)

NOTICE IS HEREBY GIVEN, pursuant to Section 10.04 of the Indenture, dated as of August 1, 2012 (the “Indenture”), among Suburban Propane Partners, L.P. (“Suburban”), Suburban Energy Finance Corp. (“Suburban Finance” and, together with Suburban, the “Issuers”), and The Bank of New York Mellon, as trustee (the “Trustee”) and paying agent (the “Paying Agent”), pertaining to the 7 3/8% Senior Notes due 2021 (the “Notes”), that the Issuers have elected to redeem $133.4 million in aggregate principal amount of the Notes outstanding. Capitalized terms used but not defined in this Notice of Partial Redemption shall have the meanings ascribed thereto in the Indenture.

The details of the partial redemption are as follows:

 

1. The redemption date of the Notes is August 2, 2013 (the “Redemption Date”).

 

2. The redemption price (the “Redemption Price”) is 107.375% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to the Redemption Date.

 

3. The Notes will be redeemed in part as follows: $133.4 million aggregate principal amount of the $503.4 million currently outstanding Notes are to be redeemed.

 

4. Pursuant to Section 10.03 of the Indenture, selection of the Notes for redemption will be made by the Trustee on a pro rata basis, by lot or by such other method as the Trustee shall deem to be fair and appropriate; provided that, as long as the Notes are held through The Depository Trust Company (“DTC”), DTC will select Notes for redemption in accordance with its procedures. No Notes of $2,000 or less in principal amount shall be redeemed in part.

 

5. The name and address of the Paying Agent is:

 

First Class/Registered/Certified:

  

Express Delivery Only:

  

By Hand Only:

The Bank of New York Mellon

P.O. Box 396

East Syracuse, NY 13057

Attn: Debt Processing Unit (ACT)

  

The Bank of New York Mellon

111 Sanders Creek Parkway

East Syracuse, NY 13057 Attn: Corporate Trust Window

  

The Bank of New York Mellon

111 Sanders Creek Parkway

East Syracuse, NY 13057 Attn: Corporate Trust Window

 

6. Notes called for redemption must be surrendered to the Paying Agent to collect the Redemption Price.

 

7. Upon surrender of each such Notes, a new Note or Notes in principal amount equal to the unredeemed portion of the original Note shall be issued in the name of the Holder thereof upon cancellation of the original Note, or, in the case of Notes providing appropriate space for such notation, at the option of the Holder, the Trustee, in lieu of delivering a new Note or Notes as aforesaid, may make a notation on such Note of the payment of the redeemed portion thereof.


8. Unless the Issuers default in making such redemption payment, interest on the redeemed portion of the Notes will cease to accrue on and after the Redemption Date. The only remaining right of the Holders thereof shall be to receive payment of the Redemption Price.

 

9. The Notes are being partially redeemed pursuant to Section 10.09 of the Indenture.

 

10. No representation is made as to the correctness or accuracy of the CUSIP number listed in this Notice of Partial Redemption or printed on the Notes.

The method chosen for the delivery of the Notes is at the option and risk of the Holder. If delivery is by mail, use of registered or certified mail, properly insured, is suggested. Notes held through DTC should be surrendered for partial redemption in accordance with DTC’s procedures therefor. If payment is requested to be made to other than the registered holder, a written instrument of transfer duly executed by the registered holder must accompany the Notes.

UNDER U.S. FEDERAL BACKUP WITHHOLDING PROVISIONS, THE PAYING AGENT WILL BE REQUIRED TO WITHHOLD TWENTY-EIGHT PERCENT (28%) OF ANY GROSS PAYMENT TO A HOLDER WHO FAILS TO PROVIDE A CERTIFIED TAXPAYER IDENTIFICATION NUMBER (EMPLOYER IDENTIFICATION NUMBER OR SOCIAL SECURITY NUMBER), UNLESS SUCH HOLDER OTHERWISE ESTABLISHES ELIGIBILITY FOR AN EXEMPTION FROM SUCH WITHHOLDING. PLEASE COMPLETE A FORM W–9 (OR THE APPLICABLE FORM W-8 IF YOU ARE A NON-U.S. PERSON) AND SEND IT TO THE PAYING AGENT IN CONNECTION WITH THE REDEMPTION.

SUBURBAN PROPANE PARTNERS, L.P.

SUBURBAN ENERGY FINANCE CORP.

Dated June 27, 2013

The CUSIP number has been assigned to this issue by the CUSIP Service Bureau of Standard and Poor’s Corporation and is included solely for the convenience of the holders of the Notes. No representation is being made as to the correctness or accuracy of the CUSIP number either as printed on the Notes or as contained herein and the holder may rely only on the identification numbers printed on its Note.