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Published on 12/8/2003 in the Prospect News High Yield Daily.

Suburban Propane Partners starts roadshow for $150 million 10-year notes

By Paul A. Harris

St. Louis, Dec. 8 - Suburban Propane Partners LP/Suburban Energy Finance Corp. started a roadshow Monday for a $150 million offering of 10-year senior notes, according to an informed source. Pricing is expected late in the week of Dec. 15.

Wachovia Securities and Goldman Sachs are joint bookrunners on the Rule 144A deal.

The notes, which will mature in 2013, will be non-callable for five years

The company also plans to price 2.6 million units of common stock.

The company will use proceeds to help fund the acquisition of Agway Energy Products LLC, Agway Energy Services Inc. and Agway Energy Services PA Inc.

Suburban Propane is a Whippany, N.J.-based marketer of propane and related products and services.


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