Form 8-K SUBURBAN PROPANE PARTNER For: Feb 10

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section�13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 10, 2015

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SUBURBAN PROPANE PARTNERS, L.P.

(Exact name of registrant as specified in its charter)

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Delaware	�	1-14222	�	22-3410353
(State or other jurisdiction of incorporation)	�	(Commission File Number)	�	(IRS Employer Identification No.)

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240 Route 10 West Whippany, NJ	�	07981
(Address of principal executive offices)	�	(Zip Code)

Registrant�s telephone number, including area code (973)�887-5300

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(Former name or former address, if changed since last report.)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

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�	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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�	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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�	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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�	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item�1.01

Entry into a Material Definitive Agreement.

Underwriting Agreement

On February 10, 2015, Suburban Propane Partners, L.P. (�Suburban�) entered into an underwriting agreement (the �Underwriting Agreement�) with Suburban Energy Finance Corp. (the �Corporation,� together with Suburban, the �Issuers�), Suburban Propane, L.P. and Wells Fargo Securities, LLC, acting as representative of the several underwriters named therein (collectively, the �Underwriters�), providing for its underwritten public offering of $250,000,000 aggregate principal amount of 5.750% senior notes due March 1, 2025. The Corporation, a wholly-owned direct subsidiary of Suburban, is the co-issuer of the notes. The offer and sale of the notes is registered under the Securities Act of 1933, as amended (the �Securities Act�), pursuant to an automatic shelf registration statement on Form S-3 (File No.�333-195864) filed with the SEC on May�12, 2014. Suburban expects the transaction to close on or about February 25, 2015.

In the Underwriting Agreement, the Issuers agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act, or to contribute to payments the Underwriters may be required to make because of any of those liabilities. The description of the Underwriting Agreement in this Form 8-K is a summary and is qualified in its entirety by the terms of the Underwriting Agreement. A copy of the Underwriting Agreement is filed as Exhibit�1.1 to this Form 8-K and is incorporated herein by reference.

Certain of the Underwriters and their related entities have engaged, and may in the future engage, in commercial and investment banking transactions with Suburban in the ordinary course of its business. Affiliates of certain Underwriters are lenders under Suburban�s credit facilities. These Underwriters and their related entities have received, and expect to receive, customary compensation and expense reimbursement for these commercial and investment banking transactions.

Item�2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information contained in Item�1.01 of this Form 8-K is incorporated herein by reference.

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Item�7.01

Regulation�FD Disclosure.

On February 10, 2015, Suburban issued a press release announcing the pricing of its public offering of $250,000,000 aggregate principal amount of 5.750% senior notes due 2025. A copy of the press release is furnished as Exhibit�99.1 hereto and is incorporated herein by reference.

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Item�9.01

Financial Statements and Exhibits

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(d)

Exhibits:

		��1.1		Underwriting Agreement, dated as of February 10, 2015, among Suburban Propane Partners, L.P., Suburban Propane, L.P., Suburban Energy Finance Corp. and Wells Fargo Securities, LLC, as representative of the several underwriters named therein.
		99.1		Press release of Suburban Propane Partners, L.P. dated February 10, 2015, announcing the pricing of its underwritten public offering of 5.750% senior notes due 2025.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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�		SUBURBAN PROPANE PARTNERS, L.P.
Date:�February 11, 2015		By:		/s/ Michael A. Kuglin
		Name:		Michael A. Kuglin
		Title:		Chief Financial Officer and Chief Accounting Officer

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EXHIBIT INDEX

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Exhibit	�	�
��1.1	�	Underwriting Agreement, dated as of February 10, 2015, among Suburban Propane Partners, L.P., Suburban Propane, L.P., Suburban Energy Finance Corp. and Wells Fargo Securities, LLC, as representative of the several underwriters named therein.
99.1	�	Press release of Suburban Propane Partners, L.P. dated February 10, 2015, announcing the pricing of its underwritten public offering of 5.750% senior notes due 2025.

Exhibit 1.1

Execution Version

Suburban Propane Partners, L.P.

Suburban Energy Finance Corp.

UNDERWRITING AGREEMENT

dated February�10, 2015

Wells Fargo Securities, LLC

Merrill Lynch, Pierce, Fenner�& Smith Incorporated

Citigroup Global Markets Inc.

Deutsche Bank Securities Inc.

J.P. Morgan Securities LLC

RBS Securities Inc.

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Underwriting Agreement

February�10, 2015

WELLS FARGO SECURITIES, LLC

375 Park Avenue

New York, New York 10152

Attn: Transaction Management Department

�����As Representative of the several Underwriters

Ladies and Gentlemen:

Introductory. Suburban Propane Partners, L.P., a Delaware limited partnership (the �Partnership�), and Suburban Energy Finance Corp., a Delaware corporation (the �Co-Issuer� and together with the Partnership, the �Issuers�), propose to issue and sell to the several underwriters named in Schedule�A hereto (the �Underwriters�), for whom you (the �Representative�) are acting as representative, $250,000,000 aggregate principal amount of their 5.750% Senior Notes due 2025 (the �Notes�). The Notes will be issued pursuant to an indenture dated as of May�27, 2014 (the �Base Indenture�), among the Issuers and The Bank of New York Mellon, as trustee (the �Trustee�). Certain terms of the Notes will be established pursuant to a supplemental indenture to be dated as of February�25, 2015 (the �Supplemental Indenture�) to the Base Indenture (together with the Base Indenture, the �Indenture�). The use of the neuter in this Underwriting Agreement (the �Agreement�) shall include the feminine and masculine wherever appropriate.

Suburban Propane, L.P., a Delaware limited partnership is referred to herein as the �Operating Partnership� and the direct and indirect subsidiaries of the Partnership listed on Schedule C are referred to as the �Operating Subsidiaries.�

In connection with the issuance of the Notes, the Issuers will commence a cash tender offer (the �Tender Offer�) for any and all of the Issuers� outstanding 7.375% Senior Notes due 2020 upon the terms and subject to the conditions set forth in that certain Offer to Purchase and Consent Solicitation Statement dated as of February�10, 2015, including all information incorporated by reference therein and exhibits, appendices and attachments thereto, as amended, modified or supplemented from time to time. The net proceeds from the sale of the Notes will be used to fund the Tender Offer and pay related fees and expenses.

1. Representations and Warranties. The Issuers and the Operating Partnership, jointly and severally, represent and warrant to, and agree with, each of the Underwriters as of the date hereof that:

(a) Registration Statement/Prospectus. The Issuers have prepared and filed with the Securities and Exchange Commission (the �Commission�) a registration statement on Form S-3 (File Nos. 333-195864 and 333-195864-01), which contains a base prospectus (the �Base Prospectus�), to be used in connection with the public offering and sale of the Notes. Such registration statement, as amended, including the financial

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statements, exhibits and schedules thereto, at each time of effectiveness under the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (collectively, the �Securities Act�), including any required information deemed to be a part thereof at the time of effectiveness pursuant to Rule 430B or 430C under the Securities Act or the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (collectively, the �Exchange Act�), is called the �Registration Statement.� Any preliminary prospectus supplement relating to the Notes that is filed with the Commission pursuant to Rule 424(b), together with the Base Prospectus, is hereafter called a �Preliminary Prospectus.� The term �Prospectus� shall mean the final prospectus supplement relating to the Notes that is first filed pursuant to Rule 424(b) after the date and time that this Agreement is executed and delivered by the parties hereto, including the Base Prospectus. Any reference herein to the Registration Statement, any Preliminary Prospectus or the Prospectus shall be deemed to refer to and include the documents incorporated by reference therein pursuant to Item�12 of Form S-3 under the Securities Act; any reference to any amendment or supplement to any Preliminary Prospectus or the Prospectus shall be deemed to refer to and include any documents filed after the date of such Preliminary Prospectus or Prospectus, as the case may be, under the Exchange Act, and incorporated by reference in such Preliminary Prospectus or Prospectus, as the case may be; and any reference to any amendment to the Registration Statement shall be deemed to refer to and include any annual report of the Partnership filed pursuant to Section�13(a) or 15(d) of the Exchange Act after the effective date of the Registration Statement that is incorporated by reference in the Registration Statement.

(b) Compliance with Registration Requirements. The Issuers meet the requirements for use of Form S-3 under the Securities Act. The Registration Statement has become effective upon filing with the Commission under the Securities Act. No stop order suspending the effectiveness of the Registration Statement is in effect, the Commission has not issued any order or notice preventing or suspending the use of the Registration Statement, any Preliminary Prospectus or the Prospectus and no proceedings for such purpose or pursuant to Section�8A of the Securities Act have been instituted or are pending or, to the best knowledge of the Issuers and the Operating Partnership, are contemplated or threatened by the Commission.

Each of the Preliminary Prospectus and the Prospectus when filed complied in all material respects with the Securities Act. Each of the Registration Statement and any post-effective amendment thereto, at each time of effectiveness, at the date hereof and at the Closing Date (as defined herein), complied and will comply in all material respects with the Securities Act and did not and will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein not misleading. The Prospectus, as amended or supplemented, as of its date, at the time of any filing pursuant to Rule 424(b) and, at the Closing Date, did not and will not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. The representations and warranties set forth in the two immediately preceding sentences do not apply to statements in or omissions from the Registration Statement or any post-effective amendment thereto, or

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the Preliminary Prospectus or the Prospectus, or any amendments or supplements thereto, made in reliance upon and in conformity with information relating to any Underwriter furnished to the Issuers in writing by any Underwriter through the Representative expressly for use therein, it being understood and agreed that the only such information furnished by any Underwriter through the Representative consists of the information described as such in Section�8(b) hereof.

The documents incorporated by reference in the Registration Statement, the Disclosure Package (as defined herein) and the Prospectus, when they were filed with the Commission conformed in all material respects to the requirements of the Exchange Act. Any further documents so filed and incorporated by reference in the Registration Statement, the Disclosure Package and the Prospectus or any further amendment or supplement thereto, when such documents are filed with the Commission will conform in all material respects to the requirements of the Exchange Act. All documents incorporated or deemed to be incorporated by reference in the Registration Statement, the Disclosure Package and the Prospectus, as of their respective dates, when taken together with the other information in the Disclosure Package, at the Applicable Time (as defined herein) and, when taken together with the other information in the Prospectus, at the Closing Date, did not or will not include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.

(c) Well-Known Seasoned Issuer. (i)�At the time of filing the Registration Statement, (ii)�at the time of the most recent amendment thereto for the purposes of complying with Section�10(a)(3) of the Securities Act (whether such amendment was by post-effective amendment, incorporated report filed pursuant to Section�13 or�15(d) of the Exchange Act or form of prospectus), (iii)�at the time the Issuers or any person acting on their behalf (within the meaning, for this clause only, of Rule�163(c) of the Securities Act) made any offer relating to the Notes in reliance on the exemption of Rule�163 of the Securities Act, and�(iv)�at the Applicable Time (with such date and time being used as the determination date for purposes of this clause (iv)), the Partnership was and is a �well-known seasoned issuer� as defined in Rule�405 of the Securities Act. The Registration Statement is an �automatic shelf registration statement,� as defined in Rule�405 of the Securities Act that has been filed with the Commission not earlier than three years prior to the Closing Date; the Issuers have not received from the Commission any notice pursuant to Rule 401(g)(2) of the Securities Act objecting to use of the automatic shelf registration statement form; and the Issuers have not otherwise ceased to be eligible to use the automatic shelf registration form.

(d) Disclosure Package. The term �Disclosure Package� shall mean (i)�the Preliminary Prospectus, including the Base Prospectus included therein, (ii)�the issuer free writing prospectuses as defined in Rule 433 of the Securities Act (each, an �Issuer Free Writing Prospectus�), if any, identified in Schedule B hereto, (iii)�any other free writing prospectus that the parties hereto shall hereafter expressly agree in writing to treat as part of the Disclosure Package and (iv)�the Final Term Sheet (as defined herein), which also shall be identified in Schedule B hereto. As of 3:45 p.m. (Eastern time) on the

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date of this Agreement (the �Applicable Time�), the Disclosure Package did not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. The preceding sentence does not apply to statements in or omissions from the Disclosure Package based upon and in conformity with written information furnished to the Issuers by any Underwriter through the Representative specifically for use therein, it being understood and agreed that the only such information furnished by any Underwriter through the Representative consists of the information described as such in Section�8(b) hereof.

(e) Issuers Not Ineligible Issuers. (i)�At the earliest time after the filing of the Registration Statement relating to the Notes that the Issuers or another offering participant made a bona fide offer (within the meaning of Rule 164(h)(2) of the Securities Act) and (ii)�as of the Applicable Time (with such date being used as the determination date for purposes of this clause (ii)), neither of the Issuers was an �ineligible issuer� (as defined in Rule 405 of the Securities Act), without taking account of any determination by the Commission pursuant to Rule 405 of the Securities Act that it is not necessary that either of the Issuers be considered an �ineligible issuer.�

(f) Issuer Free Writing Prospectuses. Each Issuer Free Writing Prospectus, as of its issue date and at all subsequent times through the completion of the offering of the Notes under this Agreement or until any earlier date that the Issuers notified or notify the Representative as described in the next sentence, did not, does not and will not include any information that conflicted, conflicts or will conflict with the information contained in the Registration Statement, the Disclosure Package and the Prospectus. If at any time following issuance of an Issuer Free Writing Prospectus there occurred or occurs an event or development as a result of which such Issuer Free Writing Prospectus conflicted or would conflict with the information contained in the Registration Statement, the Disclosure Package or the Prospectus, the Issuers have promptly notified or will promptly notify the Representative and have promptly amended or supplemented or will promptly amend or supplement, at their own expense, such Issuer Free Writing Prospectus to eliminate or correct such conflict. Any Issuer Free Writing Prospectus not identified on Schedule B, when taken together with the Disclosure Package, did not, and at the Closing Date will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. The foregoing three sentences do not apply to statements in or omissions from any Issuer Free Writing Prospectus based upon and in conformity with written information furnished to the Issuers by any Underwriter through the Representative specifically for use therein, it being understood and agreed that the only such information furnished by any Underwriter through the Representative consists of the information described as such in Section�8(b) hereof.

(g) Distribution of Offering Material by the Issuers. The Issuers have not distributed nor will distribute, prior to the later of the Closing Date and the completion of the Underwriters� distribution of the Notes, any offering material in connection with the offering and sale of the Notes other than the Preliminary Prospectus, the Prospectus and any Issuer Free Writing Prospectus reviewed and consented to by the Representative.

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(h) No Applicable Registration or Other Similar Rights. There are no persons with registration or other similar rights to have any equity or debt securities registered for sale under the Registration Statement or included in the offering contemplated by this Agreement, except for such rights as have been duly waived.

(i) No Material Adverse Change. Except as otherwise disclosed in the Disclosure Package and the Prospectus (exclusive of any amendment or supplement thereto), (i)�there has been no material adverse change, or any development involving or which could reasonably be expected to result in, individually or in the aggregate, a material adverse change in or affecting the general affairs, business, prospects, properties, management, condition (financial or other), partners� equity, stockholders� equity, members� equity, net worth or results of operations of the Partnership and its subsidiaries, taken as a whole (any such change is called a �Material Adverse Change�); (ii)�the Partnership and its subsidiaries, considered as one entity, have not incurred any liability or obligation, indirect, direct or contingent, nor entered into any transaction or agreement, in each case, that is material to the Partnership and its subsidiaries taken as a whole; and (iii)�there has been no dividend or distribution of any kind declared, paid or made by the Partnership or, except for dividends paid to the Partnership or other subsidiaries, any of its subsidiaries on any class of capital stock or repurchase or redemption by the Partnership or any of its subsidiaries of any class of capital stock.

(j) Incorporation and Good Standing of the Issuers, the Operating Partnership, the Operating Subsidiaries and the General Partner. Each of the Issuers, Operating Partnership, the Operating Subsidiaries and Suburban Energy Services Group LLC, the general partner of each of the Partnership and the Operating Partnership (the �General Partner�) has been duly incorporated or organized and is validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization and has the requisite power and authority, corporate or other, to own or lease, as the case may be, and operate its properties and to conduct its business as described in the Disclosure Package and the Prospectus and, in the case of the Issuers and the Operating Partnership, to enter into and perform its obligations under this Agreement. Each of the Issuers, the Operating Partnership, the Operating Subsidiaries and the General Partner is duly qualified as a foreign corporation or other entity to transact business and is in good standing in each jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except for such jurisdictions where the failure to so qualify or to be in good standing would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change.

(k) Ownership of the General Partner Interest in the Partnership. The General Partner is the sole general partner of the Partnership with a non-economic general partner interest in the Partnership. Such general partner interest has been duly authorized and validly issued in accordance with the Third Amended and Restated Agreement of Limited Partnership of the Partnership (as amended, the �Partnership Agreement�) and

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is fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections�17-303, 17-607 and 17-804 of the Delaware Revised Uniform Limited Partnership Act (the �Delaware LP Act�)), and the General Partner owns such general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claims, in each case, except as described in the Disclosure Package and the Prospectus and except for liens created by, or pursuant to, or permitted under, that certain amended and restated credit agreement, dated January�5, 2012, as amended on August�1, 2012 and May�9, 2014, by and among the Partnership, the Operating Partnership and the lenders party thereto, the various pledge, assignment and security agreements and other agreements and instruments entered into in connection therewith (as further amended, amended and restated, supplemented or otherwise modified prior to the date hereof, the �Credit Agreement�).

(l) Ownership of Limited Liability Company Interests in the General Partner. Michael A. Stivala (the �Sole Member�) owns 100% of the outstanding limited liability company interests in the General Partner; all of such interests have been duly authorized and validly issued in accordance with the Second Amended and Restated Operating Agreement of the General Partner (the �General Partner LLC Agreement�) and are fully paid (to the extent required under the General Partner LLC Agreement) and nonassessable (except as such nonassessability may be affected by Sections�18-607 and 18-804 of the Delaware Limited Liability Company Act (the �Delaware LLC Act�)), and the Sole Member owns such interests free and clear of all liens, encumbrances, security interests, equities, charges or claims, in each case, except as described in the Disclosure Package and the Prospectus and except for liens created by, or pursuant to, or permitted under the Credit Agreement.

(m) Ownership of Partnership Interests in the Operating Partnership. The General Partner owns 100% of the outstanding general partner interests in the Operating Partnership, the Partnership directly owns 99.9% of the outstanding limited partner interests in the Operating Partnership and the Partnership indirectly owns 0.1% of the outstanding limited partner interests in the Operating Partnership; all of such interests have been duly authorized and validly issued in accordance with the Third Amended and Restated Agreement of Limited Partnership of the Operating Partnership (as amended, the �Operating Partnership LP Agreement�) and are fully paid (to the extent required under the Operating Partnership LP Agreement) and nonassessable (except as such nonassessability may be affected by Sections�17-303, 17-607 and 17-804 of the Delaware LP Act), and the General Partner and the Partnership own such interests free and clear of all liens, encumbrances, security interests, equities, charges or claims, in each case, except as described in the Disclosure Package and the Prospectus and except for liens created by, or pursuant to, or permitted under the Credit Agreement.

(n) Ownership of the Subsidiaries. The Partnership owns, directly or indirectly, 100% of the limited liability company interests or capital stock, as the case may be, in each of the Operating Subsidiaries, the Operating Partnership and the Co-Issuer free and clear of all liens, encumbrances, security interests, equities, charges and other claims, in each case, except as described in the Disclosure Package and the Prospectus and except

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for liens created by, or pursuant to, or permitted under the Credit Agreement. Such limited liability company interests or capital stock, as the case may be, have been duly authorized and validly issued in accordance with the limited liability company or charter documents, as the case may be, of the respective Operating Subsidiaries and the Co-Issuer, and are fully paid (to the extent required under their respective limited liability company agreement) and non-assessable (except as such nonassessability may be affected by Sections�18-607 and 18-804 of the Delaware LLC Act, in the case of a Delaware limited liability company; Section�63.235 of the Oregon Revised Statutes, in the case of an Oregon limited liability company; and Section�86.343 of the Nevada Revised Statutes, in the case of a Nevada limited liability company). The Partnership owns, directly or indirectly, 100% of the limited liability company interests, limited partner interests or capital stock, as the case may be, in each of the Non-Operating Subsidiaries (as defined in Section�1(o)) free and clear of all liens, encumbrances, security interests, equities, charges and other claims, in each case, except as described in the Disclosure Package and the Prospectus and except for liens created by, or pursuant to, or permitted under the Credit Agreement. Such limited liability company interests or capital stock, as the case may be, have been duly authorized and validly issued in accordance with the limited liability company or charter documents, as the case may be, of the respective Non-Operating Subsidiaries, and are fully paid (to the extent required under their respective limited liability company agreement) and non-assessable (except as such nonassessability may be affected by Sections 18-607 and 18-804 of the Delaware LLC Act, in the case of a Delaware limited liability company; Section�63.235 of the Oregon Revised Statutes, in the case of an Oregon limited liability company; and Section�86.343 of the Nevada Revised Statutes, in the case of a Nevada limited liability company), except for such liens, encumbrances, security interests, equities, charges and other claims, the existence of which, would not, individually or in the aggregate, result in a Material Adverse Change or materially impair the ability of the Issuers and the Operating Partnership to perform their obligations under this Agreement.

(o) No Other Subsidiaries. The Partnership does not own or control directly or indirectly, any corporation, association or other entity other than the subsidiaries listed in Exhibit�21.1 to the Partnership�s Annual Report on Form 10-K for fiscal year ended September�27, 2014, such subsidiaries consisting of the Co-Issuer, the Operating Partnership, the Operating Subsidiaries and the subsidiaries listed on Schedule�D hereof (the �Non-Operating Subsidiaries� and, together with the Operating Partnership and the Operating Subsidiaries, the �Subsidiaries�). Neither the Partnership nor any of its subsidiaries own, directly or indirectly, any equity or long-term debt securities of any corporation, partnership, limited liability company, joint venture, association or other entity, other than as set forth in Exhibit�21.1 to the Partnership�s Annual Report on Form 10-K for the fiscal year ended September�27, 2014. Other than its ownership of its general partner interests and its limited partner interests in the Partnership and its general partner interests in the Operating Partnership, the General Partner does not own, and as of the Closing Date will not own, directly or indirectly, any equity or long-term debt securities of any corporation, partnership, limited liability company, joint venture, association or other entity. The Non-Operating Subsidiaries, considered individually or in the aggregate as a single subsidiary, do not constitute a �significant subsidiary� as defined in Rule�1-02 of Regulation�S-X.

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(p) Capitalization and Other Capital Stock Matters. The authorized, issued and outstanding capitalization of the Partnership is as set forth in the Disclosure Package and the Prospectus under the caption �Capitalization� (other than for subsequent issuances, if any, pursuant to employee benefit plans described in the Disclosure Package and the Prospectus or upon exercise of outstanding options or warrants described in the Disclosure Package and the Prospectus, as the case may be).

(q) The Notes. The Notes to be purchased by the Underwriters from the Issuers are in the form contemplated by the Indenture, have been duly authorized by the Issuers for issuance and sale pursuant to this Agreement and the Indenture and, at the Closing Date, will have been duly executed by the Issuers and, when authenticated in the manner provided for in the Indenture and delivered against payment of the purchase price therefor, will constitute valid and binding obligations of the Issuers, enforceable in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles and will be entitled to the benefits of the Indenture.

(r) The Indenture. The Indenture has been duly qualified under the Trust Indenture Act. The Indenture has been duly authorized by the Issuers and, at the Closing Date, will have been duly executed and delivered by the Issuers and will constitute a valid and binding agreement of the Issuers, enforceable in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles.

(s) Description of Documents. The Notes and the Indenture will conform in all material respects to the descriptions thereof in the Disclosure Package and the Prospectus under the caption �Description of the Notes.�

(t) Regulations T, U and X. None of the transactions contemplated by this Agreement (including, without limitation, the use of the proceeds from the sale of the Notes) will violate or result in a violation of Section�7 of the Exchange Act, or any regulation promulgated thereunder, including, without limitation, Regulations T, U, and X of the Board of Governors of the Federal Reserve System.

(u) Non-Violation of Existing Instruments. Neither the Issuers, the General Partner nor any of the Partnership�s Operating Subsidiaries is (i)�in violation or in default (or, with the giving of notice or lapse of time or both, would be in default) under (�Default�) its charter, by-laws or similar organizational documents, (ii)�in Default under any indenture, mortgage, loan or credit agreement, deed of trust, note, contract, franchise, lease or other agreement or instrument to which the Issuers, the General Partner or such Operating Subsidiary is a party or by which it may be bound (including, without limitation, the Issuers� 7.375% Senior Notes due 2020, the Issuers� 7.375% Senior Notes due

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2021, the Issuers� 5.50% Senior Notes due 2024, the related indentures and the Credit Agreement), or to which any of the property or assets of the Issuers, the General Partner or any of the Partnership�s Operating Subsidiaries is subject (each, an �Existing Instrument�), or (iii)�in violation of any statute, law, rule, regulation, judgment, order or decree of any court, regulatory body, administrative agency, governmental body, arbitrator or other authority having jurisdiction over the Issuers, the General Partner or such Operating Subsidiary or any of their properties, except, with respect to clauses (ii)�and (iii)�only, for such Defaults as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change. The Issuers� and Operating Partnership�s execution, delivery and performance of this Agreement and consummation of the transactions contemplated hereby (i)�have been duly authorized by all necessary corporate (or similar) action and will not result in any Default under the charter or by-laws or similar organizational documents of the Issuers, the Operating Partnership or any Operating Subsidiary, (ii)�will not constitute a Default or a Debt Repayment Triggering Event (as defined below) under, or result in the creation or imposition of any lien, charge or encumbrance upon any property or assets of the Issuers, the Operating Partnership or any of the Partnership�s Operating Subsidiaries pursuant to, or require the consent of any other party to, any Existing Instrument, and (iii)�will not result in any violation of any statute, law, rule, regulation, judgment, order or decree applicable to the Issuers, the Operating Partnership or any of the Partnership�s Operating Subsidiaries of any court, regulatory body, administrative agency, governmental body, arbitrator or other authority having jurisdiction over the Issuers, the Operating Partnership or any of the Partnership�s Operating Subsidiaries or any of its or their properties. As used herein, a �Debt Repayment Triggering Event� means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder�s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Issuers, the Operating Partnership or any of the Partnership�s Operating Subsidiaries.

(v) No Further Authorizations or Approvals Required. No consent, approval, authorization or other order of, or registration or filing with, any court or other governmental or regulatory authority or agency is required for the Issuers� or the Operating Partnership�s execution, delivery and performance of this Agreement and consummation of the transactions contemplated hereby, except such as may be required under applicable state securities or blue sky laws.

(w) No Material Actions or Proceedings. There are no legal or governmental actions, suits or proceedings pending or, to the best of the Issuers� and the Operating Partnership�s knowledge, threatened (i)�against or affecting the Partnership or any of its Operating Subsidiaries, (ii)�which have as the subject thereof any officer or director of, or property owned or leased by, the Partnership or any of its Operating Subsidiaries or (iii)�relating to environmental or discrimination matters, where in any such case (A)�there is a probability that such action, suit or proceeding might be determined adversely to the Partnership or such Operating Subsidiary, or any officer or director of, or property owned or leased by the Partnership or any of its Operating Subsidiaries and (B)�any such action, suit or proceeding, if so determined adversely, would reasonably be expected to result in a Material Adverse Change or adversely affect the consummation of the transactions contemplated by this Agreement.

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(x) Exchange Act Compliance. The Partnership is subject to and in compliance in all material respects with the reporting requirements of Section�13 or 15(d) of the Exchange Act.

(y) Independent Accountants.

(i) PricewaterhouseCoopers LLP, who have expressed their opinion with respect to the financial statements (which term as used in this Agreement includes the related notes thereto) and supporting schedules included or incorporated by reference in the Registration Statement, the Disclosure Package and the Prospectus, are independent public accountants with respect to the Partnership as required by the Securities Act and the Exchange Act and the applicable published rules and regulations thereunder and the rules of the Public Company Accounting Oversight Board (United States) (�PCAOB�).

(ii) Ernst�& Young LLP, who have expressed their opinion with respect to certain financial statements (which term as used in this Agreement includes the related notes thereto), are predecessor independent public accountants with respect to Inergy Propane, LLC, a Delaware limited liability company (�Inergy�), as required by the Securities Act and the Exchange Act and the applicable published rules and regulations thereunder and the rules of the PCAOB.

(z) Preparation of Financial Statements. The financial statements filed with the Commission as a part of or incorporated by reference in the Registration Statement and included or incorporated by reference in the Disclosure Package and the Prospectus present fairly the consolidated financial position of the Partnership and its subsidiaries and Inergy and its subsidiaries, as applicable, as of and at the dates indicated and the results of their operations and cash flows for the periods specified. The supporting schedules included or incorporated by reference in the Registration Statement present fairly the information required to be stated therein. Such financial statements and supporting schedules comply as to form with the applicable accounting requirements of Regulation S-X and have been prepared in conformity with generally accepted accounting principles applied on a consistent basis throughout the periods involved, except as may be expressly stated in the related notes thereto. The interactive data in eXtensible Business Reporting Language included or incorporated by reference in the Prospectus and the Disclosure Package fairly present the information called for in all material respects and have been prepared in all material respects in accordance with the Commission�s rules and guidelines applicable thereto. No other financial statements or supporting schedules are required to be included or incorporated by reference in the Registration Statement. The financial data set forth in the Preliminary Prospectus and the Prospectus under the captions �Prospectus Supplement Summary�Summary Consolidated Historical Financial Data� and �Capitalization� fairly present the information set forth therein on a basis consistent with that of the audited financial statements contained in the Registration Statement. The

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Partnership�s ratios of earnings to fixed charges set forth in each of the Preliminary Prospectus and the Prospectus under the captions �Prospectus Supplement Summary�Summary Consolidated Historical Financial Data,� and �Ratio of Earnings to Fixed Charges� and in Exhibit 12.1 to the Registration Statement have been calculated in compliance in all material respects with the requirements of Item�503(d) of Regulation S-K under the Securities Act.

(aa) Underwriting Agreement. This Agreement has been duly authorized, executed and delivered by the Issuers and the Operating Partnership.

(bb) Intellectual Property Rights. The Issuers, the Operating Partnership and the Operating Subsidiaries own, possess, license or have other rights to use, on reasonable terms, all patents, patent applications, trade and service marks, trade and service mark registrations, trade names, copyrights, licenses, inventions, trade secrets, technology, know-how and other intellectual property (collectively, the �Intellectual Property�) necessary for the conduct of the Issuers� or any of the Operating Subsidiaries� business as now conducted or as proposed in each of the Disclosure Package and the Prospectus to be conducted. Except as disclosed in the Disclosure Package and the Prospectus, (a)�no party has been granted an exclusive license to use any portion of such Intellectual Property owned by the Issuers, the Operating Partnership or any of the Operating Subsidiaries; (b)�the Issuers and the Operating Partnership are not aware of any infringement by third parties of any such Intellectual Property owned by or exclusively licensed to the Issuers, the Operating Partnership or the Operating Subsidiaries; (c)�there is no pending or threatened action, suit, proceeding or claim by others challenging the rights of the Issuers, the Operating Partnership or the Operating Subsidiaries in or to any material Intellectual Property, and the Issuers and the Operating Partnership are unaware of any facts which would form a reasonable basis for any such claim; (d)�there is no pending or threatened action, suit, proceeding or claim by others challenging the validity or scope of any such Intellectual Property, and the Issuers and the Operating Partnership are unaware of any facts which would form a reasonable basis for any such claim; and (e)�there is no pending or threatened action, suit, proceeding or claim by others that the Issuers�, the Operating Partnership�s or the Operating Subsidiaries� business as now conducted infringes or otherwise violates any patent, trademark, copyright, trade secret or other proprietary rights of others, and the Issuers and the Operating Partnership are unaware of any other fact which would form a reasonable basis for any such claim, which in any such case would reasonably be expected to result in a Material Adverse Change.

(cc) All Necessary Permits, etc. Each of the Partnership and its Operating Subsidiaries has such permits, consents, licenses, franchises, certificates and authorizations of governmental or regulatory authorities (�permits�) as are necessary to own its properties and to conduct its business in the manner described in the Disclosure Package and the Prospectus, subject to such qualifications as may be set forth in the Disclosure Package and the Prospectus and except for such permits that, if not obtained, would not, individually or in the aggregate, result in a Material Adverse Change; except as set forth in the Registration Statement, the Disclosure Package and the Prospectus (or any amendment or supplement thereto), each of the Partnership and its Operating Subsidiaries has fulfilled

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and performed all its material obligations with respect to such permits that are due to have been, or will be, fulfilled and performed by such date, and no event has occurred that would prevent the permits from being renewed or reissued or that allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any impairment of the rights of the holder of any such permit, except for such non-renewals, non-issuances, revocations, terminations and impairments that would not, individually or in the aggregate, result in a Material Adverse Change.

(dd) Title to Properties. The Partnership and its Operating Subsidiaries have good, valid and indefeasible title to all real and personal property reflected in the Registration Statement, the Disclosure Package and the Prospectus as assets owned by them, in each case, free and clear of all (i)�liens and security interests, or (ii)�other claims and other encumbrances (other than liens or security interests or claims or other encumbrances created by, or pursuant to, or permitted under the Credit Agreement), except, in each case, (1)�as described, and subject to the limitations contained, in the Registration Statement, the Disclosure Package and the Prospectus, (2)�such as do not materially interfere with the use of such properties taken as a whole as they have been used in the past and are proposed to be used in the future as described or (3)�for such liens, other security interests, other claims and other encumbrances the existence of which, would not, individually or in the aggregate, result in a Material Adverse Change or materially impair the ability of the Issuers and the Operating Partnership to perform their obligations under this Agreement, and subject to limitations contained, in the Registration Statement, the Disclosure Package and the Prospectus; provided that, with respect to any real property and buildings held under lease by the Partnership or its Operating Subsidiaries, such real property and buildings are held under valid and subsisting and enforceable leases with such exceptions as do not materially interfere with the use of the properties of the Partnership and its Operating Subsidiaries taken as a whole as they have been used in the past as described, and subject to the limitations contained, in the Registration Statement, the Disclosure Package and the Prospectus and are proposed to be used in the future as described, and subject to the limitations contained, in the Registration Statement, the Disclosure Package and the Prospectus.

(ee) Tax Law Compliance. The Partnership and its subsidiaries have filed (or have obtained extensions with respect thereto) all necessary federal, state, local and foreign tax returns in a timely manner and have timely paid all taxes required to be paid by any of them (whether or not shown on a tax return), including as a withholding agent, and, if due and payable, any related or similar assessment, fine, interest or penalty levied against any of them except for any taxes, assessments, fines, interest or penalties (i)�that are being contested in good faith and by appropriate proceedings and for which adequate reserves have been established in accordance with generally accepted accounting principles or (ii)�that, if not paid, would not result, individually or in the aggregate, in a Material Adverse Change. The Partnership has made appropriate provisions in the applicable financial statements referred to in Section�1(z) above in respect of all federal, state, local and foreign taxes for all current or prior periods as to which the tax liability of the Partnership or any of its subsidiaries has not been finally determined. The Partnership is currently qualified as a �publicly traded partnership� within the meaning of the Internal Revenue Code of 1986, as amended.

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(ff) Issuers Not an �Investment Company.� The Issuers are not, or after receipt of payment for the Notes and the application of the proceeds thereof as contemplated under the caption �Use of Proceeds� in each of the Preliminary Prospectus and the Prospectus will not be, an �investment company� within the meaning of the Investment Company Act and will conduct their businesses in a manner so that they will not become subject to the Investment Company Act of 1940, as amended (the �Investment Company Act�).

(gg) Insurance. The Partnership and its Operating Subsidiaries maintain insurance covering the properties, operations, personnel and businesses of the Partnership and its Operating Subsidiaries against such losses and risks and in such amounts as are reasonably adequate for the conduct of their respective businesses and the value of their respective properties and as are customary for companies engaged in similar businesses in similar industries. None of the Partnership nor its Operating Subsidiaries has received notice from any insurer or agent of such insurer that substantial capital improvements or other expenditures will have to be made in order to continue such insurance (including after giving effect to the transactions contemplated hereby), and all such insurance is outstanding and duly in force on the date hereof and will be outstanding and duly in force on the Closing Date.

(hh) No Restrictions on Dividends. No MLP Subsidiary Guarantor (as defined in the Credit Agreement) of the Partnership is currently prohibited, directly or indirectly, from paying any dividends to the Partnership, and no Wholly-Owned MLP Subsidiary Guarantor (as defined in the Credit Agreement) is currently prohibited under the Credit Agreement, from making any other distribution on such subsidiary�s shares of capital stock or other ownership interests, from repaying to the Partnership any loans or advances to such subsidiary from the Partnership or from transferring any of such subsidiary�s property or assets to the Partnership or any other subsidiary of the Partnership, except as described in or contemplated by the Disclosure Package and the Prospectus.

(ii) Solvency. The Partnership and the Operating Partnership taken as a whole are, and immediately after the Closing Date will be, Solvent. As used herein, the term �Solvent� means, with respect to any person on a particular date, that on such date (i)�the fair market value of the assets of such person is greater than the total amount of liabilities (including contingent liabilities) of such person, (ii)�the present fair salable value of the assets of such person is greater than the amount that will be required to pay the probable liabilities of such person on its debts as they become absolute and matured, (iii)�such person is able to realize upon its assets and pay its debts and other liabilities, including contingent obligations, as they mature and (iv)�such person does not have unreasonably small capital.

(jj) No Price Stabilization or Manipulation. The Issuers have not taken and will not take, directly or indirectly, any action designed to or that might be reasonably expected to cause or result in stabilization or manipulation of the price of any security of the Issuers to facilitate the sale or resale of the Notes.

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(kk) Related Party Transactions. There are no business relationships or related-party transactions involving the Partnership or any subsidiary required to be described in the Preliminary Prospectus or the Prospectus that have not been described as required.

(ll) Disclosure Controls. The Partnership maintains an effective system of �disclosure controls and procedures� (as defined in Rule 13a-15(e) under the Exchange Act). The Partnership has carried out evaluations of the effectiveness of its disclosure controls and procedures as required by Rule 13a-15 of the Exchange Act.

(mm) Internal Controls and Procedures. The Partnership maintains (i)�a system of �internal control over financial reporting� (as defined in Rule 13a-15(f) of the Exchange Act) that complies with the requirements of the Exchange Act and has been designed by, or under the supervision of, its principal executive and principal financial officers, or persons performing similar functions, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles, and (ii)�a system of internal accounting controls sufficient to provide reasonable assurance that (A)�transactions are executed in accordance with management�s general or specific authorizations; (B)�transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability; (C)�access to assets is permitted only in accordance with management�s general or specific authorization; (D)�the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences; and (E)�interactive data in eXtensible Business Reporting Language included or incorporated by reference in the Registration Statement, the Disclosure Package and the Prospectus is prepared in accordance with the Commission�s rules and guidelines applicable thereto. Except as disclosed in each of the Registration Statement, the Disclosure Package and the Prospectus, there are no material weaknesses in the Partnership�s internal controls.

(nn) No Material Weakness in Internal Controls. Since the end of the Partnership�s most recent fiscal year, there has been (i)�no material weakness in the Partnership�s internal control over financial reporting (whether or not remediated) and (ii)�no change in the Partnership�s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Partnership�s internal control over financial reporting.

(oo) No Conflict with FCPA. Neither the Partnership nor any of its subsidiaries nor, to the knowledge of the Partnership, the General Partner, any supervisor, director, officer, agent, employee, or affiliate of the Partnership or any of its subsidiaries has (i)�used any funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii)�made or taken an act in furtherance of an offer, promise or authorization of any direct or indirect unlawful payment or benefit to any foreign or domestic

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government or regulatory official or employee, including of any government-owned or controlled entity or of a public international organization, or any person acting in an official capacity for or on behalf of any of the foregoing, or any political party or party official or candidate for political office; (iii)�violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended, or any applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, or committed an offence under the Bribery Act 2010 of the United Kingdom, or any other applicable anti-bribery or anti-corruption laws; or (iv)�made, offered, agreed, requested or taken an act in furtherance of any unlawful bribe or other unlawful benefit, including, without limitation, any rebate, payoff, influence payment, kickback or other unlawful or improper payment or benefit.

(pp) No Conflict with Money Laundering Laws. The operations of each of the Partnership and its subsidiaries are and have been conducted at all times in material compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines issued, administered or enforced by any govern-mental agency (collectively, the �Money Laundering Laws�), and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Partnership or its subsidiaries with respect to the Money Laundering Laws is pending or, to the knowledge of the Partnership, the General Partner, the supervisors and officers, threatened the adverse determination of which would result in a Material Adverse Change.

(qq) No Conflict with OFAC Laws. Neither the Partnership nor any of its subsidiaries nor, to the knowledge of the Partnership, the General Partner, any supervisor, director, officer, agent, employee or affiliate of the Partnership or any of its subsidiaries is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department, the U.S. Department of Commerce or the U.S. Department of State (collectively, �Sanctions�), nor is the Partnership or any of its subsidiaries located, organized or resident in a country or territory that is the subject of Sanctions. The Partnership will not directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person, (i)�to fund any activities of or business with any person that, at the time of such funding, is the subject of Sanctions, or is in Burma/Myanmar, Cuba, Iran, Libya, North Korea, Sudan or in any other country or territory that, at the time of such funding, is the subject of Sanctions or (ii)�in any other manner that will result in a violation by any person (including any person participating in the offering, whether as underwriter, advisor, investor or otherwise) of Sanctions.

(rr) Environmental Compliance. The Partnership and its Operating Subsidiaries (i)�are in compliance with any and all applicable federal, state and local laws and regulations relating to the protection of human health and safety and the environment or imposing liability or standards of conduct concerning any Hazardous Material (as hereinafter defined) (�Environmental Laws�), (ii)�have received all permits required of them

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under applicable Environmental Laws to conduct their respective businesses, (iii)�are in compliance with all terms and conditions of any such permit and (iv)�do not have any liability in connection with the release into the environment of any Hazardous Material, except, in each case, where such noncompliance with Environmental Laws, failure to receive required permits, failure to comply with the terms and conditions of such permits, or liability in connection with a release would not, individually or in the aggregate, result in a Material Adverse Change. The term �Hazardous Material� means (A)�any �hazardous substance� as defined in the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, (B)�any �hazardous waste� as defined in the Resource Conservation and Recovery Act, as amended, (C)�any petroleum or petroleum product, (D)�any polychlorinated biphenyl and (E)�any pollutant or contaminant or hazardous, dangerous or toxic chemical, material, waste or substance defined in or regulated under any other Environmental Law.

(ss) Labor Matters. No labor disturbances by the employees of the Partnership or any of its Operating Subsidiaries has occurred that would, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change.

(tt) Brokers. Other than the underwriting discount pursuant to Section�2 of this Agreement, there is no broker, finder or other party that is entitled to receive from the Issuers any brokerage or finder�s fee or other fee or commission as a result of any transactions contemplated by this Agreement.

(uu) No Outstanding Loans or Other Indebtedness. There are no outstanding loans, advances (except normal advances for business expenses in the ordinary course of business) or guarantees or indebtedness by the Issuers to or for the benefit of any of the officers or directors of the Issuers or any of the members of any of them, except as disclosed in the Disclosure Package and the Prospectus.

(vv) Sarbanes-Oxley Compliance. The Partnership and its directors and officers, in their capacities as such, are in compliance in all material respects with the applicable provisions of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith (the �Sarbanes-Oxley Act�), including Section�402 related to loans and Sections 302 and 906 related to certifications.

(ww) Ratings. Except as otherwise disclosed in the Disclosure Package, no �nationally recognized statistical rating organization� as such term is defined for purposes of Section�3(a)(62) of the Exchange Act (i)�has imposed (or has informed the Issuers that it is considering imposing) any condition (financial or otherwise) on the Issuers� retaining any rating assigned to the Issuers or any securities of the Issuers or (ii)�has indicated to the Issuers that it is considering (a)�the downgrading, suspension, or withdrawal of, or any review for a possible change that does not indicate the direction of the possible change in, any rating so assigned or (b)�any change in the outlook for any rating of the Issuers or any securities of the Issuers.

(xx) Statistical and Market Related Data. All statistical or market-related data included in the Registration Statement, the Disclosure Package and the Prospectus (or

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any amendment or supplement thereto), if any, are based on or derived from sources that the Issuers reasonably believe to be reliable and accurate, and the Issuers have obtained the written consent to the use of such data from such sources to the extent required.

(yy) ERISA. Except as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change, (i)�each �employee benefit plan� (within the meaning of Section�3(3) of the Employee Retirement Income Security Act of 1974, as amended (�ERISA�)) for which any of the Issuers, the Operating Partnership, the General Partner or any Operating Subsidiary would have any liability, direct or indirect, contingent or otherwise, excluding any multiemployer plan (within the meaning of Section�4001(a)(3) of ERISA) (each, a �Plan�), has been maintained in compliance with its terms and with the requirements of all applicable statutes, rules and regulations, including ERISA and the Internal Revenue Code of 1986, as amended (the �Internal Revenue Code�); (ii)�with respect to each Plan subject to Title IV of ERISA, (w)�no �reportable event� (within the meaning of Section�4043(c) of ERISA) has occurred or is reasonably expected to occur, (x)�no failure to satisfy the minimum funding standard under Section�302 of ERISA or Section�412 of the Internal Revenue Code, whether or not waived, has occurred or is reasonably expected to occur and (y)�none of the Issuers, the Operating Partnership, the General Partner or any Operating Subsidiary has incurred, or reasonably expects to incur, any material liability under Title IV of ERISA (other than contributions to the Plan or premiums to the Pension Benefit Guaranty Corporation in the ordinary course and without default) with respect to termination of, or withdrawal from (including any liability under Section�4062(e) of ERISA) a Plan (including a �multiemployer plan�, within the meaning of Section�4001(a)(3) of ERISA); and (iii)�each Plan that is intended to be qualified under Section�401(a) of the Internal Revenue Code has received a determination letter or opinion letter from the Internal Revenue Service regarding its qualified status, and nothing has occurred, whether by action or by failure to act, which would reasonably be expected to cause the loss of such qualification.

(zz) FINRA Affiliations. To the knowledge of the Issuers and the Operating Partnership, there are no affiliations or associations between any member of the Financial Industry Regulatory Authority (�FINRA�) and any of the Partnership�s officers or supervisors or the Partnership�s 5% or greater securityholders, except as set forth in the Registration Statement, the Disclosure Package and the Prospectus (or any amendment or supplement thereto).

Any certificate signed by an officer of the Issuers and delivered to the Representative or to counsel for the Underwriters shall be deemed to be a representation and warranty by the Issuers to each Underwriter as to the matters set forth therein.

2. Purchase and Sale. The Issuers agree to issue and sell to the several Underwriters the Notes upon the terms herein set forth and, on the basis of the representations, warranties and agreements and upon the terms but subject to the conditions herein set forth, the Underwriters agree, severally and not jointly, to purchase from the Issuers the respective aggregate principal amount of Notes set forth opposite their names on Schedule A. The purchase price per Note to be paid by the several Underwriters to the Issuers shall be equal to 98.5% of the principal amount thereof.

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3. Delivery and Payment; Representations and Warranties and Covenants of the Underwriters.

(a) Delivery of certificates for the Notes to be purchased by the Underwriters and payment therefor shall be made at the offices of Cahill Gordon�& Reindel LLP, Eighty Pine Street, New York, New York 10005 (or such other place as may be agreed to by the Issuers and the Representative) at 9:00 a.m., New York time, on February�25, 2015 (the time and date of such closing are called the �Closing Date�). Delivery of the Notes shall be made through the facilities of The Depository Trust Company (�DTC�) unless the Representative shall otherwise instruct.

(b) Public Offering of the Notes. The Representative hereby advises the Issuers that the Underwriters intend to offer for sale to the public, as described in the Disclosure Package and the Prospectus, their respective portions of the Notes as soon after this Agreement has been executed as the Representative, in its sole judgment, has determined is advisable and practicable.

(c) Payment for the Notes. Payment for the Notes shall be made on the Closing Date by wire transfer of immediately available funds to the order of the Partnership.

It is understood that the Representative has been authorized, for its own account and the accounts of the several Underwriters, to accept delivery of and receipt for, and make payment of the purchase price for, the Notes. Wells Fargo Securities, LLC, individually and not as the Representative of the Underwriters, may (but shall not be obligated to) make payment for any Notes to be purchased by any Underwriter whose funds shall not have been received by the Representative by the Closing Date for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.

(d) Delivery of the Notes. Delivery of the Notes shall be made through the facilities of DTC unless the Representative shall otherwise instruct. Time shall be of the essence, and delivery at the time and place specified in this Agreement is a further condition to the obligations of the Underwriters.

(e) Delivery of Prospectus to the Underwriters. Not later than 10:00 a.m. on the second business day following the date the Notes are first released by the Underwriters for sale to the public, the Issuers shall deliver or cause to be delivered, copies of the Prospectus in such quantities and at such places as the Representative shall reasonably request.

4. Covenants. The Issuers and the Operating Partnership, jointly and severally, covenant and agree with each of the Underwriters as follows:

(a) Representative Review of Proposed Amendments and Supplements. During the period beginning at the Applicable Time and ending on the later of the Closing Date or such date, as in the opinion of counsel for the Underwriters, the Prospectus is no

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longer required by law to be delivered in connection with sales by an Underwriter or dealer, including in circumstances where such requirement may be satisfied pursuant to Rule 172 (the �Prospectus Delivery Period�), prior to amending or supplementing the Registration Statement, the Disclosure Package or the Prospectus, the Issuers shall furnish to the Representative for review a copy of each such proposed amendment or supplement, and the Issuers shall not file or use any such proposed amendment or supplement to which the Representative reasonably objects.

(b) Securities Act Compliance. After the date of this Agreement and during the Prospectus Delivery Period, the Issuers shall promptly advise the Representative in writing (i)�when the Registration Statement, if not effective at the Applicable Time, shall have become effective, (ii)�of the receipt of any comments of, or requests for additional or supplemental information from, the Commission, (iii)�of the time and date of any filing of any post-effective amendment to the Registration Statement or any amendment or supplement to any Preliminary Prospectus or the Prospectus, (iv)�of the time and date that any post-effective amendment to the Registration Statement becomes effective, and (v)�of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or of any order or notice preventing or suspending the use of the Registration Statement, any Preliminary Prospectus or the Prospectus, or of any receipt by the Issuers of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction or of the threatening or initiation of any proceedings for any of such purposes (including any notice or order pursuant to Section�8A or Rule 401(g)(2) of the Securities Act). The Issuers shall use commercially reasonable efforts to prevent the issuance of any such stop order or notice of prevention or suspension of such use. If the Commission shall enter any such stop order or issue any such notice at any time, the Issuers will use commercially reasonable efforts to obtain the lifting or reversal of such order or notice at the earliest possible moment, or, subject to Section�4(a), will file an amendment to the Registration Statement or will file a new registration statement and use their best efforts to have such amendment or new registration statement declared effective as soon as practicable. Additionally, the Issuers agree that they shall comply with the provisions of Rules 424(b) and 430B, as applicable, under the Securities Act, including with respect to the timely filing of documents thereunder, and will use commercially reasonable efforts to confirm that any filings made by the Issuers under such Rule 424(b) were received in a timely manner by the Commission.

(c) Exchange Act Compliance. During the Prospectus Delivery Period, the Issuers will file all documents required to be filed with the Commission and the New York Stock Exchange pursuant to Section�13, 14 or 15 of the Exchange Act in the manner and within the time periods required by the Exchange Act.

(d) Final Term Sheet. The Issuers will prepare a final term sheet in a form approved by the Representative, and will file such term sheet pursuant to Rule 433(d) under the Securities Act within the time required by such rule (such term sheet, the �Final Term Sheet�).

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(e) Permitted Free Writing Prospectuses. The Issuers represent that they have not made, and agree that, unless they obtain the prior written consent of the Representative, they will not make, any offer relating to the Notes that constitutes or would constitute an Issuer Free Writing Prospectus or that otherwise constitutes or would constitute a �free writing prospectus� (as defined in Rule�405 of the Securities Act) or a portion thereof required to be filed by the Issuers with the Commission or retained by the Issuers under Rule�433 of the Securities Act; provided that the prior written consent of the Representative hereto shall be deemed to have been given in respect of the Free Writing Prospectuses included in Schedule�B hereto and any electronic road show. Any such free writing prospectus consented to by the Representative is hereinafter referred to as a �Permitted Free Writing Prospectus.� The Issuers agree that (i)�they have treated and will treat, as the case may be, each Permitted Free Writing Prospectus as an Issuer Free Writing Prospectus, and (ii)�have complied and will comply, as the case may be, with the requirements of Rules�164 and 433 of the Securities Act applicable to any Permitted Free Writing Prospectus, including in respect of timely filing with the Commission, legending and record keeping. The Issuers consent to the use by any Underwriter of a free writing prospectus that (a)�is not an �issuer free writing prospectus� as defined in Rule�433, or (b)�contains only (1)�information describing the preliminary terms of the Securities or their offering, (2)�information that describes the final terms of the Securities or their offering and that is included in the Final Term Sheet of the Issuers contemplated in Section�1(d) or (3)�information permitted under Rule�134 under the Securities Act; provided that each Underwriter severally covenants with the Issuers not to take any action without the Issuers� consent, which consent shall be confirmed in writing, that would result in the Issuers being required to file with the Commission under Rule�433(d) under the Securities Act a free writing prospectus prepared by or on behalf of such Underwriter that otherwise would not be required to be filed by the Issuers thereunder, but for the action of the Underwriter.

(f) Amendments and Supplements to the Registration Statement, Disclosure Package and Prospectus and Other Securities Act Matters. If, during the Prospectus Delivery Period, any event or development shall occur or condition exist as a result of which the Disclosure Package or the Prospectus as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein in the light of the circumstances under which they were made or then prevailing, as the case may be, not misleading, or if it shall be necessary to amend or supplement the Disclosure Package or the Prospectus, or to file under the Exchange Act any document incorporated by reference in the Disclosure Package or the Prospectus, in order to make the statements therein, in the light of the circumstances under which they were made or then prevailing, as the case may be, not misleading, or if in the reasonable opinion of the Representative it is otherwise necessary to amend or supplement the Registration Statement, the Disclosure Package or the Prospectus, or to file under the Exchange Act any document incorporated by reference in the Disclosure Package or the Prospectus, or to file a new registration statement containing the Prospectus, in order to comply with law, including in connection with the delivery of the Prospectus, the Issuers agree to (i)�notify the Representative of any such event or condition and (ii)�promptly prepare (subject to Sections 4(a) and 4(e) hereof), file with the Commission

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(and use its best efforts to have any amendment to the Registration Statement or any new registration statement to be declared effective) and furnish at its own expense to the Underwriters and to dealers, amendments or supplements to the Registration Statement, the Disclosure Package or the Prospectus, or any new registration statement, necessary in order to make the statements in the Disclosure Package or the Prospectus as so amended or supplemented, in the light of the circumstances under which they were made or then prevailing, as the case may be, not misleading or so that the Registration Statement, the Disclosure Package or the Prospectus, as amended or supplemented, will comply with law.

(g) Copies of Any Amendments and Supplements to the Prospectus. The Issuers agree to furnish to the Representative, without charge, during the Prospectus Delivery Period, as many copies of the Prospectus and any amendments and supplements thereto (including any documents incorporated or deemed incorporated by reference therein) and the Disclosure Package as the Representative may reasonably request.

(h) Copies of the Registration Statements and the Prospectus. The Issuers will furnish to the Representative and counsel for the Underwriters signed copies of the Registration Statement and of each amendment thereto (including exhibits filed therewith or incorporated by reference therein and documents incorporated or deemed to be incorporated by reference therein) and, during the Prospectus Delivery Period, as many copies of each Preliminary Prospectus, the Prospectus and any supplement thereto and the Disclosure Package as the Representative may reasonably request.

(i) Blue Sky Compliance. The Issuers shall cooperate with the Representative and counsel for the Underwriters to qualify or register the Notes for sale under (or obtain exemptions from the application of) the state securities or blue sky laws or other foreign laws of those jurisdictions designated by the Representative and consented to by the Issuers, and the Issuers shall comply in all material respects with such laws and shall continue such qualifications, registrations and exemptions in effect so long as required for the distribution of the Notes. The Issuers shall not be required to (i)�qualify as a foreign corporation or other entity or as a dealer in securities in any such jurisdiction where they would not otherwise be required to so qualify, (ii)�file any general consent to service of process in any such jurisdiction or (iii)�subject themselves to taxation in any such jurisdiction if they are not otherwise so subject. The Issuers will advise the Representative promptly of the suspension of the qualification or registration of (or any such exemption relating to) the Notes for offering, sale or trading in any jurisdiction or any initiation or threat of any proceeding for any such purpose, and in the event of the issuance of any order suspending such qualification, registration or exemption, the Issuers shall use their best efforts to obtain the withdrawal thereof at the earliest possible moment.

(j) Use of Proceeds. The Issuers shall apply the net proceeds from the sale of the Notes sold by them in the manner described under the caption �Use of Proceeds� in each of the Disclosure Package and the Prospectus.

(k) Agreement Not to Offer to Sell Additional Notes. During the period of 60 days following the date of this Agreement, the Issuers and the Operating Partnership will

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not, without the prior written consent of Wells Fargo Securities, LLC (which consent may be withheld at the sole discretion of Wells Fargo Securities, LLC), directly or indirectly, sell, offer, contract or grant any option to sell, pledge, transfer or establish an open �put equivalent position� within the meaning of Rule 16a-1 under the Exchange Act, or otherwise dispose of or transfer, or announce the offering of, or file any registration statement under the Securities Act in respect of, any debt securities of the Issuers or securities exchangeable for or convertible into debt securities of the Issuers (other than as contemplated by this Agreement).

(l) DTC. The Issuers shall use commercially reasonable efforts to obtain the approval of DTC to permit the Notes to be eligible for �book-entry� transfer and settlement through the facilities of DTC, and agree to comply with all of their agreements set forth in the representation letters of the Issuers to DTC relating to the approval of the Notes by DTC for �book-entry� transfer.

(m) Earnings Statement. The Partnership will make generally available to their security holders and to the Representative an earnings statement (which need not be audited) in reasonable detail covering the 12-month period beginning not later than the first day of the month next succeeding the month in which occurred the �effective date� (as defined in Rule 158 under the Securities Act) of the Registration Statement as soon as practicable after the end of such period.

(n) Periodic Reporting Obligations. During the Prospectus Delivery Period the Issuers shall file, on a timely basis, with the Commission and the New York Stock Exchange all reports and documents required to be filed under the Exchange Act.

(o) Filing Fees. The Issuers agree to pay the required Commission filing fees relating to the Notes within the time required by Rule�456(b)(1) of the Securities Act without regard to the proviso therein and otherwise in accordance with Rules�456(b) and 457(r) of the Securities Act.

(p) Compliance with Sarbanes-Oxley Act. During the Prospectus Delivery Period, the Issuers will comply with all applicable securities and other laws, rules and regulations, including, without limitation, the Sarbanes-Oxley Act, and use their best efforts to cause the Issuers� directors and officers, in their capacities as such, to comply with such laws, rules and regulations, including, without limitation, the provisions of the Sarbanes-Oxley Act.

(q) Future Reports to the Representative. During the period of two years hereafter the Issuers will furnish to the Representative (i)�to the extent not available on the Commission�s Next-Generation EDGAR filing system, as soon as practicable after the end of each fiscal year, copies of the Annual Report of the Partnership containing the balance sheet of the Partnership as of the close of such fiscal year and statements of income, partners� capital and cash flows for the year then ended and the opinion thereon of the Partnership�s independent public or certified public accountants; and (ii)�to the extent not available on the Commission�s Next-Generation EDGAR filing system, as soon as practicable after the filing thereof, copies of each proxy statement, Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other report filed by the Partnership with the Commission, FINRA or any securities exchange.

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(r) No Manipulation of Price. The Issuers will not take, directly or indirectly, any action designed to cause or result in, or that has constituted or might reasonably be expected to constitute, under the Exchange Act or otherwise, the stabilization or manipulation of the price of any securities of the Issuers to facilitate the sale or resale of the Notes.

(s) Investment Limitation. The Issuers shall not invest, or otherwise use the proceeds received by the Issuers from the sale of the Notes in such a manner as would require the Partnership or any of its subsidiaries to register as an investment company under the Investment Company Act.

(t) Notice of Inability to Use Automatic Shelf Registration Statement Form. If at any time during the Prospectus Delivery Period, the Issuers receive from the Commission a notice pursuant to Rule�401(g)(2) or otherwise ceases to be eligible to use the automatic shelf registration statement form, the Issuers will (i)�promptly notify the Representative, (ii)�promptly file a new registration statement or post-effective amendment on the proper form relating to the Notes, in a form satisfactory to the Representative, (iii)�use their best efforts to cause such registration statement or post-effective amendment to be declared effective and (iv)�promptly notify the Representative of such effectiveness. The Issuers will take all other action necessary or appropriate to permit the public offering and sale of the Notes to continue as contemplated in the registration statement that was the subject of the Rule�401(g)(2) notice or for which the Issuers have otherwise become ineligible. References herein to the Registration Statement shall include such new registration statement or post-effective amendment, as the case may be.

5. Payment of Expenses. The Issuers, jointly and severally, agree to pay all costs, fees and expenses incurred in connection with the performance of their obligations hereunder and in connection with the transactions contemplated hereby, including without limitation (i)�all expenses incident to the issuance and delivery of the Notes (including all printing and engraving costs), (ii)�all necessary issue, transfer and other stamp taxes in connection with the issuance and sale of the Notes to the Underwriters, (iii)�all fees and expenses of the Issuers� counsel, independent public or certified public accountants of the Partnership and other advisors, (iv)�all costs and expenses incurred in connection with the preparation, printing, filing, shipping and distribution of the Registration Statement (including financial statements, exhibits, schedules, consents and certificates of experts), each Issuer Free Writing Prospectus, each Preliminary Prospectus and the Prospectus, and all amendments and supplements thereto, and the mailing and delivering of copies thereof to the Underwriters and dealers, this Agreement, the Indenture and the Notes, (v)�all filing fees, attorneys� fees and expenses incurred by the Issuers or the Underwriters in connection with qualifying or registering (or obtaining exemptions from the qualification or registration of) all or any part of the Notes for offer and sale under the securities laws of the several states of the United States or other jurisdictions designated by the Underwriters and consented to by the Issuers (including, without limitation, the cost of preparing, printing and mailing preliminary and final blue sky or legal investment memoranda), (vi)�the reasonable fees and

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expenses of the Trustee, including the fees and disbursements of counsel for the Trustee in connection with the Indenture and the Notes, (vii)�any fees payable in connection with the rating of the Notes with the ratings agencies, (viii)�all fees and expenses (including reasonable fees and expenses of counsel) of the Issuers in connection with approval of the Notes by DTC for �book-entry� transfer, and the performance by the Issuers and the Operating Partnership of their other obligations under this Agreement, (ix)�all expenses incident to the �road show� for the offering of the Notes, including the cost of any chartered airplane or other transportation, (x)�all other fees, costs and expenses referred to in Item�14 of Part II of the Registration Statement, and (xi)�all other costs and expenses incident to the performance of their obligations hereunder which are not otherwise specifically provided for in this Section�5. It is understood, however, that, except as provided in this Section�5, Section�7, Section�8 and Section�11 hereof, the Underwriters will pay all of their own costs and expenses, including the fees and expenses of their counsel.

6. Conditions to the Obligations of the Underwriters. The obligations of the Underwriters hereunder shall be subject, in their discretion, to the condition that all representations and warranties of the Issuers and the Operating Partnership are true and correct at and as of the date hereof and the Closing Date, the condition that the Issuers shall have performed all of their respective obligations hereunder theretofore to be performed, and the following additional conditions:

(a) Accountants� Comfort Letter. On the date hereof, the Underwriters shall have received from PricewaterhouseCoopers LLP, independent public accountants for the Partnership, a letter dated the date hereof addressed to the Underwriters, in form and substance satisfactory to the Representative, covering certain financial information included in or incorporated by reference in the Disclosure Package and other customary information.

(b) Compliance with Registration Requirements; No Stop Order. For the period from and after effectiveness of this Agreement and prior to the Closing Date and, with respect to the Notes:

(i) the Issuers shall have filed the Prospectus with the Commission (including the information required by Rules 430A, 430B and 430C under the Securities Act) in the manner and within the time period required by Rule 424(b) under the Securities Act;

(ii) the Final Term Sheet, and any other material required to be filed by the Issuers pursuant to Rule 433(d) under the Securities Act, shall have been filed with the Commission within the applicable time periods prescribed for such filings under such Rule 433; and

(iii) no stop order suspending the effectiveness of the Registration Statement, or any post-effective amendment to the Registration Statement, shall be in effect and no proceedings for such purpose or pursuant to Section�8A of the Securities Act shall have been instituted or threatened by the Commission; and the Issuers shall not have received from the Commission any notice pursuant to Rule 401(g)(2) of the Securities Act objecting to use of the automatic shelf registration statement form.

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(c) No Material Adverse Change or Ratings Agency Change. For the period from and after the date of this Agreement and prior to the Closing Date:

(i) in the judgment of the Representative there shall not have occurred any Material Adverse Change so material or adverse as to make it impracticable or inadvisable to proceed with the public offering or the delivery of the Notes as contemplated by this Agreement, the Disclosure Package and the Prospectus;

(ii) there shall not have been any change or decrease specified in the letter or letters referred to in paragraph (a)�of this Section�6 which is, in the sole judgment of the Representative, so material and adverse as to make it impractical or inadvisable to proceed with the offering, sale or delivery of the Notes as contemplated by this Agreement, the Disclosure Package and the Prospectus; and

(iii) there shall not have occurred any downgrading, nor shall any notice have been given of any intended or potential downgrading or of any review for a possible change that does not indicate the direction of the possible change, in the rating accorded the Partnership or any of its subsidiaries or any of their debt by any �nationally recognized statistical rating organization� registered under Section�3(a)(62) of the Exchange Act, and no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, any such rating.

(d) Opinion and Negative Assurance Letter of Counsel for the Issuers. On the Closing Date, the Underwriters shall have received the favorable opinion and negative assurance letter of Proskauer Rose LLP, counsel for the Issuers, dated as of such Closing Date, the form of which is attached as Exhibit�A and the opinion of Paul Abel, Senior Vice President, General Counsel and Secretary of the Partnership, substantially in the form of Exhibit B.

(e) Opinion and Negative Assurance Letter of Counsel for the Underwriters. On the Closing Date, the Underwriters shall have received the favorable opinion and negative assurance letter of Cahill Gordon�& Reindel LLP, counsel for the Underwriters, dated as of such Closing Date, in form and substance satisfactory to, and addressed to, the Underwriters, with respect to the issuance and sale of the Notes, the Registration Statement, the Prospectus (together with any supplement thereto), the Disclosure Package and other related matters as the Representative may reasonably require, and the Issuers shall have furnished to such counsel such documents as they reasonably request for the purpose of enabling them to pass upon such matters.

(f) Officers� Certificate. On the Closing Date, the Representative shall have received a written certificate executed by the Chief Executive Officer or President of each of the Issuers and the Operating Partnership and the Chief Financial Officer or Chief Accounting Officer of each of the Issuers and the Operating Partnership, dated as of the

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Closing Date, to the effect that the signers of such certificate have carefully examined the Registration Statement, the Disclosure Package, the Prospectus and any amendment or supplement thereto, any Issuer Free Writing Prospectus and any amendment or supplement thereto and this Agreement, to the effect set forth in subsections (b)�and (c)(iii) of this Section�6, and further to the effect that:

(i) for the period from and after the date of this Agreement and prior to the Closing Date, there has not occurred any Material Adverse Change;

(ii) the representations and warranties of the Issuers set forth in Section�1 of this Agreement are true and correct on and as of the Closing Date with the same force and effect as though expressly made on and as of the Closing Date; and

(iii) the Issuers have complied with all the agreements hereunder and satisfied all the conditions on their part to be performed or satisfied hereunder at or prior to the Closing Date.

(g) Bring-down Comfort Letter. On the Closing Date, the Underwriters shall have received from PricewaterhouseCoopers LLP, independent public accountants for the Partnership, a letter dated such date, in form and substance satisfactory to the Representative, to the effect that they reaffirm the statements made in the letter furnished by them pursuant to subsection (a)�of this Section�6, except that (x)�it shall cover certain financial information included in or incorporated by reference to the Prospectus and any amendment or supplement thereto and (y)�solely in the case of clause (g)(i) above, the specified date referred to therein for the carrying out of procedures shall be no more than three business days prior to the Closing Date, as the case may be.

(h) Form of Notes and Indenture. The Notes and the Indenture shall be executed by the Issuers in form and substance reasonably satisfactory to the Representative and the Trustee.

(i) Closing Documents. At the Closing Date, the Issuers shall have furnished counsel for the Issuers, or the Underwriters, as the case may be, such documents as they reasonably require for the purpose of enabling them to pass upon the issuance and sale of the Notes as herein contemplated, or in order to evidence the accuracy of any of the representations or warranties or fulfillment of any of the conditions herein contained.

If any condition specified in this Section�6 is not satisfied when and as required to be satisfied, this Agreement may be terminated by the Representative by notice to the Issuers at any time on or prior to the Closing Date, which termination shall be without liability on the part of any party to any other party, except that Section�5, Section�7, Section�8, Section�9, Section�13 and Section�17 shall at all times be effective and shall survive such termination.

7. Reimbursement of Underwriters� Expenses. If this Agreement is terminated by the Representative pursuant to Section�6, Section�10 or Section�11 (clauses (i)�and (iv)�only), or if the sale to the Underwriters of the Notes on the Closing Date is not consummated because of any refusal, inability or failure on the part of the Issuers to perform any agreement

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herein or to comply with any provision hereof, the Issuers, jointly and severally, agree to reimburse the Representative and the other Underwriters (or such Underwriters as have terminated this Agreement with respect to themselves), severally, upon demand for all out-of-pocket expenses that shall have been reasonably incurred by the Representative and the Underwriters in connection with the proposed purchase and the offering and sale of the Notes, including but not limited to reasonable fees and disbursements of counsel, printing expenses, travel expenses, postage, facsimile and telephone charges.

8. Indemnification.

(a) Indemnification of the Underwriters. The Issuers and the Operating Partnership, jointly and severally, will indemnify and hold harmless each of the Underwriters and their respective directors, officers, employees and agents, each person, if any, who controls such Underwriter within the meaning of the Securities Act or the Exchange Act and each affiliate of any Underwriter within the meaning of Rule�405 under the Securities Act from and against any losses, damages or liabilities, joint or several, to which that Underwriter, director, officer, employee, agent, controlling person or affiliate may become subject under the Securities Act or otherwise, insofar as such losses, damages or liabilities (or actions or claims in respect thereof) arise out of or are based upon (i)�an untrue statement or alleged untrue statement of a material fact contained in (A)�the Registration Statement, any Preliminary Prospectus, the Prospectus, the Disclosure Package, any Issuer Free Writing Prospectus or any amendment or supplement thereto, any �road show� (as defined in Rule�433 under the Securities Act) not constituting an Issuer Free Writing Prospectus (a �Non-Prospectus Road Show�) or (B)�any Blue Sky application or other document prepared or executed by the Partnership, the General Partner or any of the Partnership�s subsidiaries (or based upon any written information furnished by the Partnership, the General Partner or any of the Partnership�s subsidiaries) or (ii)�the omission or alleged omission to state in the Registration Statement, any Preliminary Prospectus, the Prospectus, the Disclosure Package, any Issuer Free Writing Prospectus or any amendment or supplement thereto or in any Non-Prospectus Road Show a material fact required to be stated therein or necessary to make the statements therein, in the case of each of any Preliminary Prospectus, the Prospectus, the Disclosure Package, any Issuer Free Writing Prospectus or any amendment or supplement thereto or any Non-Prospectus Road Show in light of the circumstances in which they were made, not misleading, and will reimburse each of the Underwriters for any reasonable legal or other expenses incurred by such Underwriter in connection with investigating, preparing, pursuing or defending against or appearing as a third party witness in connection with any such loss, damage, liability, action or claim, including, without limitation, any investigation or proceeding by any governmental agency or body, commenced or threatened, including the reasonable fees and expenses of counsel to the indemnified party, as such expenses are incurred (including such losses, damages, liabilities or expenses to the extent of the aggregate amount paid in settlement of any such action or claim, provided that (subject to Section�8(c) hereof) any such settlement is effected with the written consent of the Partnership); provided, however, that the Issuers and the Operating Partnership shall not be liable in any such case to the extent, but only to the extent, that any such loss, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in the Registration Statement, any Preliminary Prospectus, the Prospectus, the Disclosure Package, any Issuer Free Writing Prospectus or any amendment or supplement thereto or any Blue Sky application or any Non-Prospectus Road

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Show, in reliance upon and in conformity with written information relating to the Underwriters furnished to the Partnership by any Underwriter through the Representative expressly for use in the preparation thereof, it being understood and agreed that the only such information furnished by any Underwriter through the Representative consists of the information described as such in Section�8(b) hereof. The indemnity agreement set forth in this Section�8(a) shall be in addition to any liabilities that the Issuers or the Operating Partnership may otherwise have.

(b) Indemnification of the Issuers, Directors and Officers. Each of the Underwriters, severally and not jointly, will indemnify and hold harmless the Issuers, the Operating Partnership and their respective officers, supervisors, employees and agent, each person, if any, who controls the Issuers or the Operating Partnership within the meaning of the Securities Act or the Exchange Act from and against any losses, damages or liabilities to which the Issuers or the Operating Partnership may become subject under the Securities Act or otherwise, insofar as such losses, damages or liabilities (or actions or claims in respect thereof) arise out of or are based upon (i)�an untrue statement or alleged untrue statement of a material fact contained in (A)�the Registration Statement, any Preliminary Prospectus, the Prospectus, the Disclosure Package, any Issuer Free Writing Prospectus or any amendment or supplement thereto or in any Non-Prospectus Road Show or (B)�any Blue Sky application or (ii)�the omission or alleged omission to state in the Registration Statement, any Preliminary Prospectus, the Prospectus, the Disclosure Package, any Issuer Free Writing Prospectus or any amendment or supplement thereto a material fact required to be stated therein or necessary to make the statements therein, in the case of each of any Preliminary Prospectus, the Prospectus, the Disclosure Package, any Issuer Free Writing Prospectus or any amendment or supplement thereto or any Non-Prospectus Road Show in light of the circumstances in which they were made, not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in the Registration Statement, any Preliminary Prospectus, the Prospectus, the Disclosure Package, any Issuer Free Writing Prospectus or any amendment or supplement thereto, any Blue Sky application or any Non-Prospectus Road Show, in reliance upon and in conformity with written information relating to the Underwriters furnished to the Issuers by any Underwriter through the Representative, expressly for use in the preparation thereof, and will reimburse the Issuers and the Operating Partnership for any reasonable legal or other expenses incurred by the Issuers and the Operating Partnership in connection with investigating or defending any such action or claim as such expenses are incurred (including such losses, damages, liabilities or expenses to the extent of the aggregate amount paid in settlement of any such action or claim, provided that (subject to Section�8(c) hereof) any such settlement is effected with the written consent of the Underwriters). The Issuers and the Operating Partnership hereby acknowledge that the only information that the Underwriters have furnished to the Issuers through the Representative expressly for use in the Registration Statement, any Issuer Free Writing Prospectus, any Preliminary Prospectus or the Prospectus (or any amendment or supplement thereto) are the statements set forth in the third paragraph, the third sentence of the fourth paragraph, the seventh paragraph and the eighth paragraph under the caption �Underwriting� in the Prospectus. The indemnity agreement set forth in this Section�8(b) shall be in addition to any liabilities that the Underwriters may otherwise have.

(c) Notifications and Other Indemnification Procedures. Promptly after receipt by an indemnified party under Section�8(a) or 8(b) hereof of notice of the commencement

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of any action, such indemnified party shall, if a claim in respect thereof is to be made against an indemnifying party under Section�8(a) or 8(b) hereof, notify each such indemnifying party in writing of the commencement thereof, but the failure so to notify such indemnifying party shall not relieve such indemnifying party from any liability except to the extent that it has been prejudiced in any material respect by such failure or from any liability that it may have to any such indemnified party otherwise than under Section�8(a) or 8(b) hereof. In case any such action shall be brought against any such indemnified party and it shall notify each indemnifying party of the commencement thereof, each such indemnifying party shall be entitled to participate therein and, to the extent that it shall wish, jointly with any other indemnifying party under Section�8(a) or 8(b) hereof similarly notified, to assume the defense thereof, with counsel satisfactory to such indemnified party (who shall not, except with the consent of such indemnified party, be counsel to such indemnifying party) and, after notice from such indemnifying party to such indemnified party of its election so to assume the defense thereof, such indemnifying party shall not be liable to such indemnified party under Section�8(a) or 8(b) hereof for any legal expenses of other counsel or any other expenses, in each case subsequently incurred by such indemnified party, in connection with the defense thereof other than reasonable costs of investigation. The indemnified party shall have the right to employ its own counsel in any such action, but the fees and expenses of such counsel shall be at the expense of such indemnified party unless (i)�the employment of counsel by such indemnified party at the expense of the indemnifying party has been authorized by the indemnifying party, (ii)�the indemnified party shall have been advised by such counsel that there may be a conflict of interest between the indemnifying party and the indemnified party in the conduct of the defense, or certain aspects of the defense, of such action (in which case the indemnifying party shall not have the right to direct the defense of such action with respect to those matters or aspects of the defense on which a conflict exists or may exist on behalf of the indemnified party) or (iii)�the indemnifying party shall not in fact have employed counsel reasonably satisfactory to such indemnified party to assume the defense of such action, in any of which events such fees and expenses to the extent applicable shall be borne, and shall be paid as incurred, by the indemnifying party. If at any time such indemnified party shall have requested such indemnifying party under Section�8(a) or 8(b) hereof to reimburse such indemnified party for fees and expenses of counsel, such indemnifying party agrees that it shall be liable for any settlement of the nature contemplated by Section�8(a) or 8(b) hereof effected without its written consent if (i)�such settlement is entered into more than 60�days after receipt by such indemnifying party of such request for reimbursement, (ii)�such indemnifying party shall have received notice of the terms of such settlement at least 45�days prior to such settlement being entered into and (iii)�such indemnifying party shall not have reimbursed such indemnified party in accordance with such request for reimbursement prior to the date of such settlement. No such indemnifying party shall, without the written consent of such indemnified party, effect the settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought hereunder (whether or not such indemnified party is an actual or potential party to such action or claim) unless such settlement, compromise or judgment (A)�includes an unconditional release of such indemnified party from all liability arising out of such action or claim and (B)�does not include a statement as to or an admission of fault, culpability or a failure to act, by or on behalf of any such indemnified party. In no event shall such indemnifying parties be liable for the fees and expenses of more than one counsel, other than one local counsel, for all such indemnified parties in connection with any one action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances.

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9. Contribution. If the indemnification provided for in Section�8 is unavailable to or insufficient to indemnify or hold harmless an indemnified party under Section�8(a) or 8(b) hereof in respect of any losses, damages or liabilities (or actions or claims in respect thereof) referred to therein, then each indemnifying party under Section�8(a) or 8(b) hereof shall contribute to the amount paid or payable by such indemnified party as a result of such losses, damages or liabilities (or actions or claims in respect thereof) in such proportion as is appropriate to reflect the relative benefits received by the Issuers and the Operating Partnership, on the one hand, and the Underwriters, on the other hand, from the offering of the Notes. If, however, the allocation provided by the immediately preceding sentence is not permitted by applicable law or if the indemnified party failed to give the notice required under Section�8(c) hereof and such indemnifying party was prejudiced in a material respect by such failure, then each such indemnifying party shall contribute to such amount paid or payable by such indemnified party in such proportion as is appropriate to reflect not only such relative benefits but also the relative fault, as applicable, of the Issuers and the Operating Partnership, on the one hand, and the Underwriters, on the other hand, in connection with the statements or omissions that resulted in such losses, damages or liabilities (or actions or claims in respect thereof), as well as any other relevant equitable considerations. The relative benefits received by, as applicable, the Issuers, on the one hand, and the Underwriters, on the other hand, shall be deemed to be in the same proportion as the total gross proceeds from such offering (before deducting expenses) received by the Issuers bear to the total underwriting discounts and commissions received by the Underwriters. The relative fault, as applicable, of the Issuers and the Operating Partnership, on the one hand, and the Underwriters, on the other hand, shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Issuers and the Operating Partnership, on the one hand, or the Underwriters, on the other hand, and the parties� relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The Issuers, the Operating Partnership and the Underwriters agree that it would not be just and equitable if contribution pursuant to this Section�9 were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to above in this Section�9. The amount paid or payable by such an indemnified party as a result of the losses, damages or liabilities (or actions or claims in respect thereof) referred to above in this Section�9 shall be deemed to include any legal or other expenses incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section�9, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Notes underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section�11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.

The obligations of the Issuers and the Operating Partnership under this Section�9 shall be in addition to any liability that the Issuers or the Operating Partnership may otherwise

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have and shall extend, upon the same terms and conditions, to each officer, director, employee, agent or other representative of each Underwriter and to each person, if any, who controls any Underwriter within the meaning of the Securities Act; and the obligations of each of the Underwriters under this Section�9 shall be in addition to any liability that the respective Underwriter may otherwise have and shall extend, upon the same terms and conditions, to each officer and supervisor who signed the Registration Statement and to each person, if any, who controls the Issuers or the Operating Partnership within the meaning of the Securities Act.

10. Default of One or More of the Several Underwriters. If, on the Closing Date, any one or more of the several Underwriters shall fail or refuse to purchase Notes that it or they have agreed to purchase hereunder on such date, and the aggregate principal amount of Notes which such defaulting Underwriter or Underwriters agreed but failed or refused to purchase does not exceed 10% of the aggregate principal amount of the Notes to be purchased on such date, the other Underwriters shall be obligated, severally, in the proportions that the principal amount of Notes to be purchased set forth opposite their respective names on Schedule�A bears to the aggregate principal amount of Notes set forth opposite the names of all such non-defaulting Underwriters, or in such other proportions as may be specified by the Representative with the consent of the non-defaulting Underwriters, to purchase the Notes which such defaulting Underwriter or Underwriters agreed but failed or refused to purchase on such date. If, on the Closing Date, any one or more of the Underwriters shall fail or refuse to purchase Notes and the principal amount of Notes with respect to which such default occurs exceeds 10% of the principal amount of Notes to be purchased on such date, and arrangements satisfactory to the Representative and the Issuers for the purchase of such Notes are not made within 48 hours after such default, this Agreement shall terminate without liability of any party to any other party except that the provisions of Section�5, Section�7, Section�8, Section�9, Section�13 and Section�17 shall at all times be effective and shall survive such termination. In any such case either the Representative or the Issuers shall have the right to postpone the Closing Date, but in no event for longer than seven days in order that the required changes, if any, to the Registration Statement, any Issuer Free Writing Prospectus, the Preliminary Prospectus or the Prospectus or any other documents or arrangements may be effected. As used in this Agreement, the term �Underwriter� shall be deemed to include any person substituted for a defaulting Underwriter under this Section�10. Any action taken under this Section�10 shall not relieve any defaulting Underwriter from liability in respect of any default of such Underwriter under this Agreement.

11. Termination of This Agreement. Prior to the Closing Date this Agreement may be terminated by the Representative by notice given to the Issuers if at any time (i)�trading or quotation in any of the Issuers� securities shall have been suspended or limited by the Commission or by the Nasdaq Global Market; (ii)�trading in securities generally on the New York Stock Exchange or the Nasdaq Global Market shall have been suspended or limited, or minimum or maximum prices shall have been generally established on any of such stock exchanges by the Commission or FINRA; (iii)�a general banking moratorium shall have been declared by federal or New York authorities or a material disruption in commercial banking or securities settlement or clearance services in the United States has occurred; (iv)�in the judgment of the Representative there shall have occurred any Material Adverse Change; or (v)�there shall have occurred any outbreak or escalation of national or international hostilities or any crisis or calamity, or any change in the United States or international financial markets, or any substantial change or

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development involving a prospective substantial change in United States� or international political, financial or economic conditions, as in the judgment of the Representative is material and adverse and makes it impracticable or inadvisable to market the Notes in the manner and on the terms described in the Disclosure Package or the Prospectus or to enforce contracts for the sale of securities. Any termination pursuant to this Section�11 shall be without liability on the part of (a)�the Issuers or the Operating Partnership to any Underwriter, except that the Issuers and the Operating Partnership shall be obligated to reimburse the expenses of the Representative and the Underwriters pursuant to Sections 5, 7, 8 and 9 hereof or (b)�any Underwriter to the Issuers and the Operating Partnership.

12. No Advisory or Fiduciary Responsibility. The Issuers and the Operating Partnership acknowledge and agree that: (i)�the purchase and sale of the Notes pursuant to this Agreement, including the determination of the public offering price of the Notes and any related discounts and commissions, is an arm�s-length commercial transaction between the Issuers, on the one hand, and the several Underwriters, on the other hand, and the Issuers and the Operating Partnership are capable of evaluating and understanding and understand and accept the terms, risks and conditions of the transactions contemplated by this Agreement; (ii)�in connection with each transaction contemplated hereby and the process leading to such transaction each Underwriter is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary of the Issuers, the Operating Partnership, or any of their respective affiliates, stockholders, creditors or employees or any other party; (iii)�no Underwriter has assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Issuers or the Operating Partnership with respect to any of the transactions contemplated hereby or the process leading thereto (irrespective of whether such Underwriter has advised or is currently advising the Issuers or the Operating Partnership on other matters) and no Underwriter has any obligation to the Issuers or the Operating Partnership with respect to the offering contemplated hereby except the obligations expressly set forth in this Agreement; (iv)�the several Underwriters and their respective affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Issuers and the Operating Partnership and that the several Underwriters have no obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v)�the Underwriters have not provided any legal, accounting, regulatory or tax advice with respect to the offering contemplated hereby and the Issuers and the Operating Partnership have consulted their own legal, accounting, regulatory and tax advisors to the extent they deemed appropriate.

This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Issuers, the Operating Partnership and the several Underwriters, or any of them, with respect to the subject matter hereof. The Issuers and the Operating Partnership hereby waive and release, to the fullest extent permitted by law, any claims that the Issuers and the Operating Partnership may have against the several Underwriters with respect to any breach or alleged breach of agency or fiduciary duty.

13. Representations and Indemnities to Survive Delivery. The respective indemnities, rights of contribution, agreements, representations, warranties and other statements of the Issuers, the Operating Partnership, their respective officers and of the several Underwriters set forth in or made pursuant to this Agreement will remain operative and in full force and effect, regardless of any (A)�investigation, or statement as to the results thereof, made by or on behalf of

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any Underwriter, the officers or employees of any Underwriter, or any person controlling the Underwriter or (B)�acceptance of the Notes and payment for them hereunder. The provisions of Section�5, Section�7, Section�8, Section�9, this Section�13 and Section�17 hereof shall survive the termination or cancellation of this Agreement.

14. Notices. All communications hereunder shall be in writing and shall be mailed, hand delivered or telecopied and confirmed to the parties hereto as follows:

If to the Representative:

Wells Fargo Securities, LLC

550 S. Tryon Street, 5^th Floor

Charlotte, North Carolina 28202

Fax: (704)�410-4874 (with such fax to be confirmed by telephone to (704)�383-0550)

Attention: High Yield Syndicate

And (which shall not constitute notice)

Cahill Gordon�& Reindel LLP

Eighty Pine Street

New York, NY 10005

Facsimile: (212)�378-2169

Attention: James J. Clark, Esq.

If to the Issuers:

Suburban Propane Partners, L.P.

240 Route 10 West

Whippany, NJ 07981

Facsimile: (973)�503-9395

Attention: A. Davin D�Ambrosio, Vice President and Treasurer

And (which shall not constitute notice)

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Facsimile: (212)�969-2900

Attention: Charles E. Dropkin, Esq.

Any party hereto may change the address for receipt of communications by giving written notice to the others.

15. Successors and Assigns. This Agreement will inure to the benefit of and be binding upon the parties hereto, including any substitute Underwriters pursuant to Section�10

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hereof, and to the benefit of (i)�the Issuers, the Operating Partnership, their respective directors, any person who controls the Issuers or the Operating Partnership within the meaning of the Securities Act and the Exchange Act and any officer of the Issuers who signed the Registration Statement, (ii)�the Underwriters, the officers, directors, employees and agents of the Underwriters, and each person, if any, who controls any Underwriter within the meaning of the Securities Act and the Exchange Act, and (iii)�the respective successors and assigns of any of the above, all as and to the extent provided in this Agreement, and no other person shall acquire or have any right under or by virtue of this Agreement. The term �successors and assigns� shall not include a purchaser of any of the Notes from any of the several Underwriters merely because of such purchase.

16. Partial Unenforceability. The invalidity or unenforceability of any Section, paragraph or provision of this Agreement shall not affect the validity or enforceability of any other Section, paragraph or provision hereof. If any Section, paragraph or provision of this Agreement is for any reason determined to be invalid or unenforceable, there shall be deemed to be made such minor changes (and only such minor changes) as are necessary to make it valid and enforceable.

17. Governing Law Provisions. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CHOICE OF LAW OR CONFLICTS OF LAWS PRINCIPLES THEREOF.

18. Consent to Jurisdiction. Any legal suit, action or proceeding arising out of or based upon this Agreement or the transactions contemplated hereby (�Related Proceedings�) may be instituted in the federal courts of the United States of America located in the City and County of New York or the courts of the State of New York in each case located in the City and County of New York (collectively, the �Specified Courts�), and each party irrevocably submits to the exclusive jurisdiction (except for suits, actions, or proceedings instituted in regard to the enforcement of a judgment of any Specified Court in a Related Proceeding (a �Related Judgment�), as to which such jurisdiction is non-exclusive) of the Specified Courts in any Related Proceeding. Service of any process, summons, notice or document by mail to such party�s address set forth above shall be effective service of process for any Related Proceeding brought in any Specified Court. The parties irrevocably and unconditionally waive any objection to the laying of venue of any Related Proceeding in the Specified Courts and irrevocably and unconditionally waive and agree not to plead or claim in any Specified Court that any Related Proceeding brought in any Specified Court has been brought in an inconvenient forum.

19. General Provisions. This Agreement constitutes the entire agreement of the parties to this Agreement and supersedes all prior written or oral and all contemporaneous oral agreements, understandings and negotiations with respect to the subject matter hereof. This Agreement may be executed in two or more counterparts, each one of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by telecopier, facsimile, email or other electronic transmission (i.e., �pdf� or �tif�) shall be effective as delivery of a

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manually executed counterpart of this Agreement. This Agreement may not be amended or modified unless in writing by all of the parties hereto, and no condition herein (express or implied) may be waived unless waived in writing by each party whom the condition is meant to benefit. The Section headings herein are for the convenience of the parties only and shall not affect the construction or interpretation of this Agreement.

Each of the parties hereto acknowledges that it is a sophisticated business person who was adequately represented by counsel during negotiations regarding the provisions hereof, including, without limitation, the indemnification provisions of Section�8 and the contribution provisions of Section�9, and is fully informed regarding said provisions. Each of the parties hereto further acknowledges that the provisions of Sections 8 and 9 hereto fairly allocate the risks in light of the ability of the parties to investigate the Issuers, the Operating Partnership, their respective affairs and their respective business in order to assure that adequate disclosure has been made in the Registration Statement, the Disclosure Package and the Prospectus (and any amendments and supplements thereto), as required by the Securities Act and the Exchange Act.

20. USA Patriot Act. In accordance with the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October�26, 2001)), the Underwriters are required to obtain, verify and record information that identifies their respective clients, including the Issuers, which information may include the name and address of their respective clients, as well as other information that will allow the Underwriters to properly identify their respective clients.

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If the foregoing is in accordance with your understanding of our agreement, kindly sign and return to the Issuers and the Operating Partnership the enclosed copies hereof, whereupon this instrument, along with all counterparts hereof, shall become a binding agreement in accordance with its terms.

�

The foregoing Agreement is hereby confirmed and accepted by the Representative as of the date first above written.

�

WELLS FARGO SECURITIES, LLC
Acting as Representative of the several Underwriters named in the attached Schedule�A.
By:		WELLS FARGO SECURITIES, LLC
By:		/s/ Jeff Gore
Name:		Jeff Gore
Title:		Managing Director

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SCHEDULE A

�

Underwriters	��	Principal Amount of Notes To Be Purchased		�
Wells Fargo Securities, LLC	��	$	93,750,000	��
Merrill Lynch, Pierce, Fenner�& Smith Incorporated	��	$	31,250,000	��
Citigroup Global Markets Inc.	��	$	31,250,000	��
Deutsche Bank Securities Inc.	��	$	31,250,000	��
J.P. Morgan Securities LLC	��	$	31,250,000	��
RBS Securities Inc.	��	$	31,250,000	��
Total	��	$	250,000,000	��

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Schedule A-1

Exhibit 99.1

�

		News Release Contact: Michael A. Kuglin Chief Financial Officer & Chief Accounting Officer P.O. Box 206, Whippany, NJ 07981-0206 Phone: 973.503.9252

FOR IMMEDIATE RELEASE

Suburban Propane Partners, L.P.

Announces Pricing of Public Offering of Senior Notes

Whippany, New Jersey, February 10, 2015� Suburban Propane Partners, L.P. (NYSE: SPH) (�Suburban�), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, announced today the pricing of its public offering of $250,000,000 aggregate principal amount of 5.750% senior notes due 2025, at par. Suburban Energy Finance Corp., a wholly-owned direct subsidiary of Suburban, is the co-issuer of the notes. The sale of the notes is expected to close on February 25, 2015.

The notes will bear interest at a rate of 5.750% per year and mature on March 1, 2025. Before March 1, 2018, Suburban may redeem up to 35% of the aggregate principal amount of outstanding notes with the net proceeds from certain offerings of its common units at a redemption price equal to 105.750% of their principal amount, plus accrued and unpaid interest, if any, to the redemption date. Interest on the notes will be payable semi-annually on March 1 and September 1 of each year, commencing September 1, 2015. On or after March 1, 2020, Suburban may redeem the notes subject to applicable redemption premiums.�In addition, prior to March 1, 2020 Suburban may redeem the notes at a �make whole� premium.

Suburban intends to use the net proceeds from the offering, along with cash on hand to the extent necessary, to fund a cash tender offer for any and all of its $250,000,000 of outstanding indebtedness under its 7-3/8% senior notes due 2020 (the �2020 Senior Notes�), including fees and expenses associated with the cash tender offer. Suburban launched a cash tender offer for its 2020 Senior Notes on February 10, 2015. To the extent the net proceeds of the offering exceed the purchase price for the amount of 2020 Senior Notes tendered in the tender offer, Suburban intends to use the balance for general partnership purposes, including to redeem any outstanding 2020 Senior Notes that are not purchased in the tender offer.

Wells Fargo Securities, LLC is acting as representative of the underwriters for the offering. A copy of the preliminary prospectus supplement and the accompanying base prospectus, which is filed as part of Suburban�s effective shelf registration statement on Form�S-3 (File No.�333-195864), may be obtained from:

Wells Fargo Securities, LLC

Attn: Client Support

608 2nd Avenue

South Minneapolis, MN 55402

Telephone: (800)�645-3751 Opt 5

Email: [email protected]

An electronic copy of the prospectus supplement and the accompanying base prospectus may also be obtained at no charge at the Securities and Exchange Commission�s website at www.sec.gov.

The notes are being offered pursuant to an effective registration statement that Suburban previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of such jurisdiction. The offering of the notes will be made only by means of a prospectus supplement and the accompanying base prospectus, which is filed as part of Suburban�s effective shelf registration statement on Form S-3 (File No.�333-195864).

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About Suburban Propane Partners, L.P.

Suburban Propane Partners, L.P. is a publicly-traded master limited partnership listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey, Suburban has been in the customer service business since 1928. Suburban serves the energy needs of approximately 1.2�million residential, commercial, industrial and agricultural customers through more than 710 locations in 41 states.

Forward-Looking Statements

This press release includes forward-looking statements. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Suburban expects, believes or anticipates will or may occur in the future are forward-looking statements, including statements regarding closing of the offering and the use of proceeds of the offering. These statements reflect Suburban�s expectations or forecasts based on assumptions made by the partnership. These statements are subject to risks including those relating to market conditions, financial performance and results, prices and demand for natural gas and oil and other important factors that could cause actual results to differ materially from our forward looking statements. These risks are further described in Suburban�s reports filed with the Securities and Exchange Commission.

Any forward-looking statement speaks only as of the date on which such statement is made and Suburban undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.

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