Company: SPH
Filing Date: 2025-02-12
Form Type: S-3
Source: 0001193125-25-024546
Chunk: 44

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-12
Form: S-3
Chunk 44
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 Agents under which we may issue and sell our common units from time to
time having an aggregate offering amount of up to $100.0 million through the Agents, as sales agents. The Agreement is filed with the SEC as an exhibit to the registration statement of which this prospectus forms a part. Sales of our
common units, if any, under this prospectus may be made in sales deemed to be an “at the market offering” as defined in Rule 415(a)(4) promulgated under the Securities Act, including sales made directly on or through the New York
Stock Exchange or any other existing trading market for our common units.

When requested by us, the Agents will offer our
common units subject to the terms and conditions of the equity distribution agreement, which may be on a daily basis for periods of time, or as we may otherwise agree with the Agents. We will designate the maximum amount of common units to
be sold through the Agents when we request the Agents to do so. The Agents are not required to sell any specific number or dollar amount of our common units. The Agents have agreed, subject to the terms and conditions of the Agreement, to use
their commercially reasonable efforts to execute our orders to sell, as our sales agent and on our behalf, our common units submitted to the Agents from time to time by us, as instructed by us and consistent with normal sales and trading
practices. We may instruct the Agents not to place common units at or below a price designated by us. We or the Agents may suspend the offering of common units under the equity distribution agreement upon proper notice to the other party.
There is no arrangement for funds to be received in any escrow, trust or similar arrangement. If we and the Agents so agree, the Agents may act as principal in connection with the placement of the common units offered hereby.

We will pay each Agent a commission of an amount up to % of the gross sales price per common unit sold under the equity
distribution agreement by such Agent acting as our agent with the exact amount to be agreed by the Partnership and the Agents. The estimated offering expenses payable by us, in addition to such commission and reimbursement of expenses, are
approximately $ , which includes legal, accounting and printing costs and various other fees associated with registering the common units being offered. The remaining sale proceeds, after deducting any other transaction
fees, will equal our net proceeds from the sale of such common units. We have agreed to reimburse the sales agents for certain fees and expenses of their