GLOBAL PARTNERS LP (GLP): debt financing — Global Partners extends credit facility maturity to 2026, adds new guarantors, raises rate 25 bps

GLOBAL PARTNERS LP

Maturity extended from May 6, 2024 to May 2, 2026.
Applicable Revolver Rate increased by 25 basis points.
SPR Holdings LLC and SPR Operator LLC added as guarantors and grant security interests.
BNP Paribas, Credit Agricole, City National assign commitments to KeyBank, Fifth Third, Needham, Bar Harbor, Eastern.
All other material terms of the credit agreement remain unchanged.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GLOBAL PARTNERS LP amended credit facility at increase the Applicable Revolver Rate on borrowings by 25 basis points maturing May 2, 2026.

Instrument: credit facility
Rate: increase the Applicable Revolver Rate on borrowings by 25 basis points
Maturity: May 2, 2026
Event: amendment

Exact text from the filing

The Ninth Amendment amends certain terms and provisions of the Existing Credit Agreement to, among other things, increase the Applicable Revolver Rate on borrowings by 25 basis points, and extend the maturity date from May 6, 2024 to May 2, 2026.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GLOBAL PARTNERS LP amended Ninth Amendment to Third Amended and Restated Credit Agreement and Joinder (effective 2023-05-02).

Action: amendment
Agreement: credit facility
Effective: 2023-05-02

Exact text from the filing

On May 2, 2023, Global Partners LP (the “ Partnership ”), as guarantor, and certain of its subsidiaries, as borrowers, entered into the Ninth Amendment to Third Amended and Restated Credit Agreement and Joinder (the “ Ninth Amendment ”), which further amends the Third Amended and Restated Credit Agreement dated April 25, 2017

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Source: SEC EDGAR

accession 0001104659-23-055554

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