Suburban Propane Partners, L.P. Extends Consent Date of Exchange Offers and Consent Solicitations in Connection with its Planned Acquisition of Inergy, L.P.'s Retail Propane Operations

Suburban Propane Partners, L.P.

, a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity (the "Partnership"), today announced that it and Suburban Energy Finance Corp.(collectively, "Suburban") have extended the consent date (the "Consent Date") for their previously announced offers to exchange (the "Exchange Offers") and related consent solicitations (the "Consent Solicitations") in connection with certain outstanding notes of Inergy, L.P. Suburban is offering to exchange any and all of the outstanding 7% Senior Notes due 2018 and 6 7/8% Senior Notes due 2021 (collectively, the "Inergy Notes") issued by Inergy, L.P. ("Inergy") and Inergy Finance Corp., which have an aggregate principal amount outstanding of $1.2 billion, for a combination of $1.0 billion in aggregate principal amount of new unsecured 7 1/4% Senior Notes due 2018 and 7 1/8% Senior Notes due 2021 (collectively, the "SPH Notes"), respectively, issued by Suburban and $200.0 million in cash.