Global Partners LP issues $450M 8.250% senior notes due 2032 to repay credit facility

GLOBAL PARTNERS LP

Issued $450M aggregate principal amount of 8.250% senior notes due 2032 in private placement.
Proceeds used to repay borrowings under credit agreement and for general corporate purposes.
Closing expected on January 18, 2024, subject to customary conditions.
Notes sold to J.P. Morgan Securities LLC as representative of initial purchasers.
Notes guaranteed by subsidiaries and are unsecured senior obligations.

Key facts

Extracted from this filing and checked against the source text.

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

GLOBAL PARTNERS LP entered into Purchase Agreement with J.P. Morgan Securities LLC, as representative of the several initial purchasers named therein valued at $450 million aggregate principal amount (effective 2024-01-03).

Action: entry
Agreement: notes offering
Counterparty: J.P. Morgan Securities LLC, as representative of the several initial purchasers named therein
Value: $450 million aggregate principal amount
Effective: 2024-01-03

Exact text from the filing

pursuant to which the Issuers agreed to sell $450 million aggregate principal amount of the Issuers’ 8.250% senior notes due 2032

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GLOBAL PARTNERS LP filing history →

Source: SEC EDGAR

accession 0001104659-24-001446

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