Suburban Propane and Suburban Energy Finance receive tenders and consents

Suburban Propane Partners announced that it and Suburban Energy Finance have received requisite tenders and consents in connection with their previously announced offers to exchange and related consent solicitations in connection with certain outstanding notes of Inergy. As of 5:00 p.m. New York City time, on July 12, the consent date for the Exchange Offers and Consent Solicitations, Suburban had received tenders and consents from holders of approximately $580.5M in aggregate principal amount of the 2018 Inergy Notes, representing approximately 96.75% of the total outstanding principal amount of the 2018 Inergy Notes, and tenders and consents from holders of approximately $532.5m in aggregate principal amount of the 2021 Inergy Notes, representing approximately 88.75% of the total outstanding principal amount of the 2021 Inergy Notes. As a result, the minimum tender condition has been satisfied with respect to the Exchange Offers and requisite consents have been received for both series of Inergy Notes with respect to the Consent Solicitations.