Company: SPH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015135
Chunk: 21

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 (and unissued) restricted units granted under the Partnership’s Restricted Unit Plan, as defined below, to retirement-eligible grantees.  Computations of diluted income per Common Unit are performed by dividing net income by the weighted average number of outstanding Common Units and unvested restricted units granted under the Restricted Unit Plan.  In computing diluted net income per Common Unit, weighted average units outstanding used to compute basic net income per Common Unit were increased by 259,196 and 316,563 units for the three months ended December 28, 2024 and December 30, 2023, respectively, to reflect the potential dilutive effect of the unvested restricted units outstanding using the treasury stock method.

10.Long-Term BorrowingsLong-term borrowings consist of the following: 

        As of

        December 28,

        September 28,

        2024

        2024

        5.875% Senior Notes due March 1, 2027
         
        $
        350,000

        $
        350,000

        5.00% Senior Notes due June 1, 2031

        650,000

        650,000

        5.50% Green Bonds due October 1, 2028 through October 1, 2033, net of unaccreted fair value adjustment of $12,109 and $12,478

        68,536

        68,167

        Revolving Credit Facility, due March 15, 2029

        242,700

        151,000

        Subtotal

        1,311,236

        1,219,167

        Less: unamortized debt issuance costs

        (8,412
        )

        (8,841
        )

        $
        1,302,824

        $
        1,210,326

 15

Senior Notes2027 Senior Notes.  On February 14, 2017, the Partnership and its 100%-owned subsidiary, Suburban Energy Finance Corp., completed a public offering of $350,000 in aggregate principal amount of 5.875% senior notes due March 1, 2027 (the “2027 Senior Notes”).  The 2027 Senior Notes were issued at 100% of the principal amount and require semi-annual interest payments in March and September.  The net proceeds from the issuance of