secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL PARTNERS LP (GLP)
CIK:        0001323468
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001104659-24-028477
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Partners cuts Gulf Oil terminal deal to $212.3M, drops Portland terminal
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- Original $273M deal for five refined-products terminals amended; Portland, ME terminal removed.
- Purchase price reduced to $212.3M cash (plus customary adjustments) after FTC and Maine AG concerns.
- Remaining terminals: New Haven CT, Thorofare NJ, Linden NJ, Chelsea MA.
- Closing conditions include pre-closing reorganization and customary deliverables.
- Partnership expects to finance acquisition with borrowings under revolving credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1323468/000110465924028477/0001104659-24-028477-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1323468/000110465924028477/tm247253d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-028477

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