Company: SPH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015135
Chunk: 124

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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 netting

        balance sheet

        Asset Derivatives

        Commodity-related derivatives
         
        $
        1,999

        $
        (723
        )
         
        $
        1,276

        $
        13,649

        $
        (8,758
        )
         
        $
        4,891

        Liability Derivatives

        Commodity-related derivatives
         
        $
        1,305

        $
        (723
        )
         
        $
        582

        $
        14,502

        $
        (8,758
        )
         
        $
        5,744

       The Partnership had $1,247 and $6,439 posted cash collateral as of December 28, 2024 and September 28, 2024, respectively, with its brokers for outstanding commodity-related derivatives.Bank Debt, Green Bonds and Senior Notes.  The fair value of the Revolving Credit Facility approximates the carrying value since the interest rates are adjusted quarterly to reflect market conditions.  The fair values of the Senior Notes are based upon quoted market prices (a Level 1 input) and the fair value of the Green Bonds is based upon a valuation model (a Level 3 input).  Senior Notes, Revolving Credit Facility and Green Bonds are defined below in Note 10 (“Long-Term Borrowings”) and the fair values of the Senior Notes and Green Bonds are as follows: 

        As of

        December 28,

        September 28,

        2024

        2024

        5.875% Senior Notes due March 1, 2027
         
        $
        347,375

        $
        350,056

        5.00% Senior Notes due June 1, 2031

        581,750

        606,099

        5.50% Green Bonds due October 1, 2028 through October 1, 2033

        68,102

        72,264

        $
        997,227

        $
        1,028,419

 12

6.Selected Balance Sheet InformationCash, Cash Equivalents and Restricted Cash.  Restricted cash consists of amounts deposited in various bank accounts held by a trustee, as required for operating, maintenance and debt service purposes, all of which is stipulated in the loan agreement under the indenture to the