debt
confidence high
sentiment neutral
materiality 0.50
Global Partners LP prices cash tender offer for $400M 7.00% senior notes due 2027
GLOBAL PARTNERS LP
- Purchase Price set at $1,002.94 per $1,000 principal, based on 4.122% reference yield plus 0 bps spread.
- Tender offer expires at 5:00 p.m. NY time on June 16, 2025; settlement expected June 23, 2025.
- Offer conditioned on completion of a contemporaneous senior notes offering by Global and GLP Finance.
- If less than all notes tendered, Global intends to redeem remaining outstanding notes on or about August 1, 2025.
- J.P. Morgan Securities is exclusive dealer manager; D.F. King is tender agent.
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