secwatch.observer — SEC 8-K summary
======================================

Issuer:     GLOBAL PARTNERS LP (GLP)
CIK:        0001323468
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001104659-24-004829
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Partners LP issues $450M of 8.250% senior notes due 2032
---------------------------------------------------------------

- $450M aggregate principal of 8.250% senior notes due Jan 15, 2032; interest semi-annual starting July 2024.
- Notes are senior unsecured, guaranteed by certain subsidiaries, with optional redemption at varying prices from 2027.
- Indenture restricts additional debt, dividends, investments, asset sales; includes change-of-control repurchase at 101%.
- Events of default include payment default, covenant breach, bankruptcy, and cross-acceleration on >$50M other debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1323468/000110465924004829/0001104659-24-004829-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1323468/000110465924004829/tm243577d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-004829

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer