SEC Filing Summary: Suburban Propane Partners, L.P.
Business Context and Reporting Period
This Form 8-K Current Report was filed on December 11, 2003, by Suburban Propane Partners, L.P. The report discloses a material event occurring on December 10, 2003, regarding a public equity offering.
Key Financial Metrics
The filing details a public offering of 2,600,000 common units representing limited partner interests at a price of $30.90 per unit. The Partnership granted underwriters an option to purchase up to an additional 390,000 common units to cover over-allotments. The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics, as this report focuses solely on the capital raising event.
Material Changes
The primary material change is the execution of an underwriting agreement with Goldman, Sachs & Co., Wachovia Securities, LLC, and Raymond James & Associates, Inc. This agreement facilitates the issuance of new equity units, which will increase the Partnership's capital base upon closing.
Guidance, Outlook, and Risks
The filing does not contain management commentary on future guidance, outlook, or specific risks associated with the business operations. The transaction is being made in connection with a prospectus and prospectus supplement filed pursuant to Rule 424(b) of the Securities Act of 1933. Legal opinions regarding the legality of the units and federal tax matters were filed as exhibits.
Investor Verification Checklist
- Verify the final closing date and total proceeds from the offering, including any exercise of the over-allotment option.
- Review the prospectus supplement (Rule 424(b)) for specific use of proceeds and dilution impact.
- Confirm the updated number of outstanding common units post-offering.
- Check for any subsequent filings regarding the final allocation of shares to underwriters.