WHIPPANY, N.J., June 27, 2012 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE: SPH), 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. The Consent Date has been extended to 5:00 p.m., New York City time, on June 28, 2012. The Exchange Offers are still set to expire at 11:59 p.m., New York City time, on July 6, 2012, unless extended or terminated. Suburban is making the Exchange Offers and Consent Solicitations in connection with, and conditioned upon, among other things, its consummation of the acquisition of Inergy, L.P.'s retail propane operations. The SPH Notes have not been registered under the Securities Act of 1933, as amended, or any state or foreign securities laws. The SPH Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act or any applicable state securities laws. This press release does not constitute an offer to purchase or exchange any securities or a solicitation of any offer to sell or exchange any securities.