debt
confidence high
sentiment neutral
materiality 0.75
Global Partners LP issues $450M 7.125% senior notes due 2033 to refinance 2027 notes
GLOBAL PARTNERS LP
- Issued $450M aggregate principal amount of 7.125% senior notes due 2033 in a private placement.
- Net proceeds to fund tender offer for $400M outstanding 7.00% senior notes due 2027 and repay credit facility borrowings.
- Closing expected June 23, 2025, subject to customary conditions; Purchase Agreement contains customary representations and indemnification.
- Tender offer for 2027 notes not conditioned on note offering; any remaining 2027 notes to be redeemed on or about August 1, 2025.
item 1.01item 9.01