{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-001856","form_type":"8-K","ticker":"GLP","cik":"0001323468","company_name":"GLOBAL PARTNERS LP","filed_at":"2023-12-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.603050+00:00","generated_at":"2026-06-07T08:49:40.231732+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Global Partners LP completes $305.8M acquisition of 25 liquid energy terminals from Motiva","bullets":["Purchased 25 terminals from Motiva for $305.8M cash, funded via revolving credit facility.","Acquisition nearly doubles operating footprint; now owns/leases 49 terminals with ~18.3M barrels shell capacity.","Includes 25-year take-or-pay throughput agreement with Motiva with minimum annual revenue commitments.","Expected EBITDA multiple below 7.0x in second year of ownership; expands access to key pipelines and marine network."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-001856","json":"https://secwatch.observer/filing/0001157523-23-001856.json","markdown":"https://secwatch.observer/filing/0001157523-23-001856.md","text":"https://secwatch.observer/filing/0001157523-23-001856.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1323468/000115752323001856/0001157523-23-001856-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1323468/000115752323001856/a53873973.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T08:49:40.231732+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"091b4c541c9ddf9a801524dddb4a502486fabc92","claim":"GLOBAL PARTNERS LP completed an acquisition involving Motiva Enterprises LLC for $305.8 million (closed 2023-12-21).","evidence_excerpt":"Global Companies LLC will receive minimum annual revenue commitments throughout the term of the MTSA. The purchase-price, subject to post-closing adjustments, was approximately $305.8 million. The Acquisition was funded with borrowings under the Partnership’s revolving credit facility. At the closing, the Partnership assumed certain liabilities and obligations of","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1323468/000115752323001856/0001157523-23-001856-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Motiva Enterprises LLC"},{"label":"Consideration","value":"$305.8 million"},{"label":"Closing","value":"2023-12-21"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}