---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001698"
form_type: "8-K"
ticker: "GLP"
cik: "0001323468"
company_name: "GLOBAL PARTNERS LP"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:10:24.559049+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Global Partners LP to acquire 25 terminals from Motiva for $305.8M, boosting capacity 85%

## Summary
- Purchase price of $305.8M cash for 25 refined product terminals with 8.4M barrel shell capacity.
- Global's storage capacity to increase ~85% to 18.3M barrels; terminals along Atlantic Coast, Southeast, and Texas.
- Transaction backed by a 25-year take-or-pay throughput agreement with Motiva, ensuring minimum annual revenue commitments.
- Acquisition expected to close by year-end 2023, subject to HSR approval and customary conditions; funded via revolving credit facility.
- Expected to be accretive to distributable cash flow per common unit in first full year, excluding transition expenses.

## SEC filing metadata
- accession: 0001157523-23-001698
- form_type: 8-K
- ticker: GLP
- cik: 0001323468
- company_name: GLOBAL PARTNERS LP
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1323468/000115752323001698/0001157523-23-001698-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1323468/000115752323001698/a53797035.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001698
- JSON: https://secwatch.observer/filing/0001157523-23-001698.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001698.txt

## Key facts
- Material Agreements
  GLOBAL PARTNERS LP entered into Purchase Agreement with Motiva Enterprises LLC valued at $305.8 million (effective 2023-11-08).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Motiva Enterprises LLC
  - Value: $305.8 million
  - Effective: 2023-11-08
  source text: On November 8, 2023, Global Operating LLC (the " OLLC "), as Purchaser and Global Partners LP (the " Partnership "), as Guarantor, entered into an Asset Purchase Agreement (the " Purchase Agreement ") with Motiva Enterprises LLC (the " Seller ")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1323468/000115752323001698/0001157523-23-001698-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.