Company: SPH
Filing Date: 2025-02-21
Form Type: 424B5
Source: 0001193125-25-030891
Chunk: 35

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-21
Form: 424B5
Chunk 35
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 market value on the date of the sale or other disposition of that common unit. We expect that all or virtually all of any gain from the sale or disposition of our common units
will be treated as effectively connected with a U.S. trade or business.

Upon the sale, exchange or other disposition of a common unit by
a non-U.S. unitholder, the transferee is generally required to withhold 10% of the amount realized on such sale, exchange or other disposition if any portion of the gain on such sale, exchange or other
disposition would be treated as effectively connected with a U.S. trade or business. For a transfer of common units that is effected through a broker, the obligation to withhold is instead generally imposed on the transferor’s broker. While the
determination of a unitholder’s “amount realized” generally would include any decrease in the unitholder’s share of our nonrecourse liabilities, the Treasury Regulations provide that, for purposes of this 10% withholding, the
“amount realized” on a transfer of an interest in a publicly traded partnership, such as our common units, will generally be the amount of gross proceeds paid to the broker effecting the applicable transfer on behalf of the transferring
unitholder, and thus will be determined without regard to any decrease in that unitholder’s share of our nonrecourse liabilities. Current and prospective non-U.S. unitholders should consult their tax advisors regarding the impact of these rules
on an investment in our common units.

Additional withholding requirements may also affect certain
non-U.S. unitholders. Please read “— Administrative Matters—Additional Withholding Requirements.”

Administrative Matters

Information Returns and Audit
Procedures

We intend to furnish to each unitholder, within 90 days after the close of each calendar year, specific tax information,
including a Schedule K-1, which describes the unitholder’s share of our income, gain, loss, deduction and credit for our preceding taxable year. In preparing this information, which will not be
reviewed by counsel, we will take various accounting and reporting positions, some of which have been mentioned earlier. We cannot guarantee that those positions will yield a result that conforms to the requirements of the Code, Treasury
Regulations, or administrative interpretations of the IRS. Any challenge by the IRS could negatively affect the value of the common units.

The IRS may audit our U.S. federal income tax information returns. Adjustments resulting from an IRS audit may require each unith