Company: SPH
Filing Date: 2025-02-21
Form Type: 424B5
Source: 0001193125-25-030891
Chunk: 0

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-21
Form: 424B5
Chunk 0
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Filed Pursuant to Rule 424(b)(5)
Registration No. 333-284853 PROSPECTUS Suburban Propane Partners, L.P. Up to $ 100,000,000 of Common Units We have entered into an “at-the-market”equity distribution agreement (as may be amended from time to time, the “equity distribution agreement” or the “Agreement”), dated as of February 20, 2025, with Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, BofA Securities, Inc., and Evercore Group L.L.C., in their capacity as sales agents (each, an “Agent,” and collectively, the “Agents”), relating to the offer, issuance and sale from time to time of our common units (“common units”) representing limited partner interests in Suburban Propane Partners, L.P. (the “Partnership”), having an aggregate offering amount of up to $100.0 million. 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 of 1933, as amended (the “Securities Act”), including sales made directly on or through the New York Stock Exchange (“NYSE”) or any other existing trading market for our common units. The Agents are not required to sell any specific number or dollar amount of our common units but will use their commercially reasonable efforts, as our agents and subject to the terms of the equity distribution agreement, to sell our common units offered, as instructed by us. There is no arrangement for funds to be received in any escrow, trust or similar arrangement. Under the terms of the equity distribution agreement, we also may sell our common units to any of the Agents as principal for its own account at a price agreed upon at the time of the sale. If we sell our common units to the Agents, as principal, we will enter into a separate agreement with the Agent and we will describe that agreement in a separate prospectus supplement or pricing supplement to the extent required by law. See “Plan of Distribution.” Each of the Agents will be entitled to a commission of an amount up to 1.5% 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. In connection with the sale of our common units on our behalf, the Agents may