Company: SPH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015135
Chunk: 128

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 128
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 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 the 2027 Senior Notes, along with borrowings under the Revolving Credit Facility, were used to repurchase, satisfy and discharge all of the Partnership’s then-outstanding 7.375% senior notes due in 2021. 2031 Senior Notes.  On May 24, 2021, the Partnership and its 100%-owned subsidiary, Suburban Energy Finance Corp., completed a private offering of $650,000 in aggregate principal amount of 5.0% senior