debt
confidence high
sentiment neutral
materiality 0.50
Global Partners LP launches $400M senior notes offering and tender offer for 2027 notes
GLOBAL PARTNERS LP
- Private offering of $400M senior unsecured notes due 2033 under 144A/Reg S to fund tender offer.
- Cash tender offer for any and all of outstanding $400M 7.00% senior notes due 2027 (CUSIP 37954F AG9).
- Tender offer expires June 16, 2025; settlement expected June 23, 2025; guaranteed delivery deadline June 18.
- Proceeds from new notes plus cash on hand to purchase tendered notes; remaining 2027 notes to be redeemed around Aug 1, 2025.
- J.P. Morgan is dealer manager; D.F. King is tender and information agent.
item 7.01item 9.01