secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL PARTNERS LP (GLP)
CIK:        0001323468
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001157523-23-001856
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Partners LP completes $305.8M acquisition of 25 liquid energy terminals from Motiva
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1323468/000115752323001856/0001157523-23-001856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1323468/000115752323001856/a53873973.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001856

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer