Richard Slifka
in connection with the passing of Richard Slifka, Chairman of the Board of Directors
Highest-materiality recent filing
Global Partners to redeem all Series B Preferred Units at $25/unit on July 30, 2026
Redemption price of $25.00 per Series B Preferred Unit plus accrued unpaid distributions.
Global Partners Q1 net income surges to $70.1M ($1.85/unit) from $18.7M
Net income of $70.1M vs $18.7M YoY; diluted EPS of $1.85 vs $0.36.
Global Partners declares Q1 2026 cash distribution of $0.7650 per common unit
Distribution of $0.7650 per common unit ($3.06 annualized) for Q1 2026.
Global Partners LP declares $0.59375/unit quarterly distribution on Series B preferred units
Quarterly cash distribution of $0.59375 per unit ($2.375 annualized) on 9.50% Series B preferred units.
Global Partners LP increases interim credit commitments by $300M; reallocates up to $200M revolver
Exercised accordion to increase Aggregate WC Interim Commitments by $300M effective March 13, 2026.
Global Partners Q4 net income rises to $25.1M; full-year net income drops 11% to $98.0M
Q4 2025 net income $25.1M ($0.54/diluted unit) vs $23.9M ($0.52) in Q4 2024.
Global Partners declares Q4 2025 cash distribution of $0.7600 per common unit
Distribution of $0.7600 per common unit ($3.04 annualized) for Oct 1–Dec 31, 2025, payable Feb 13, 2026 to holders of record Feb 9, 2026.
Global Partners LP declares $0.59375/unit quarterly distribution on Series B preferred units
Quarterly distribution of $0.59375 per Series B preferred unit ($2.375 annualized).
Global Partners LP: Sean Geary steps down as CLO, becomes Senior Legal Advisor under new agreement
Sean T. Geary stepped down as CLO effective Jan 1, 2026; succeeded by Kristin K. Seabrook.
Global Partners Q3 net income $29M vs $45.9M YoY; EBITDA $97.1M
Net income $29.0M ($0.66/diluted unit) vs $45.9M ($1.17) in Q3 2024.
Global Partners LP declares Q3 2025 distribution of $0.7550/unit, payable Nov 14
Distribution of $0.7550 per common unit ($3.02 annualized) for Q3 2025.
Global Partners declares $0.59375 quarterly distribution on Series B preferred units
Quarterly cash distribution of $0.59375 per unit ($2.375 annualized) on 9.50% Series B preferred units.
Global Partners Q2 net income drops to $25.2M from $46.1M; EBITDA falls 19%
Net income $25.2M ($0.55/diluted unit) vs $46.1M ($1.10) in Q2 2024, down 45%.
Director Jalkut granted $250k annual cash retainer effective June 1, 2025
Board approved $250,000 annual cash retainer for Thomas P. Jalkut, consistent with other non-employee directors.
Global Partners LP declares Q2 2025 cash distribution of $0.7500 per common unit
Quarterly distribution of $0.7500 per common unit ($3.00 annualized) for April 1–June 30, 2025.
Quarterly distribution of $0.59375 per unit ($2.375 annualized) on 9.50% fixed-rate Series B preferred units.
Global Partners LP completes $450M private placement of 7.125% senior notes due 2033
Issued $450M principal of 7.125% senior notes due July 1, 2033; interest payable semi-annually starting Jan 1, 2026.
Tendered $360.3M (90.08%) of $400M 7.00% Senior Notes due 2027 at purchase price of $1,002.94 per $1,000.
Global Partners LP prices cash tender offer for $400M 7.00% senior notes due 2027
Purchase Price set at $1,002.94 per $1,000 principal, based on 4.122% reference yield plus 0 bps spread.
Global Partners LP issues $450M 7.125% senior notes due 2033 to refinance 2027 notes
Issued $450M aggregate principal amount of 7.125% senior notes due 2033 in a private placement.
Global Partners LP launches $400M senior notes offering and tender offer for 2027 notes
Private offering of $400M senior unsecured notes due 2033 under 144A/Reg S to fund tender offer.
Richard Slifka, Chairman, passed away; Eric Slifka appointed Chairman, Thomas Jalkut as Vice Chairman.
Global Partners Q1 net income $18.7M vs prior-year loss; diluted EPS $0.36
Net income of $18.7M ($0.36 diluted EPS) vs net loss of $5.6M ($0.37 loss) in Q1 2024.
Global Partners LP declares Q1 2025 cash distribution of $0.7450 per common unit
Quarterly distribution of $0.7450 per common unit ($2.98 annualized) for Q1 2025.
Global Partners LP declares $0.59375/unit quarterly distribution on Series B preferred units
Quarterly cash distribution of $0.59375 per unit ($2.375 annualized) declared on 9.50% Series B preferred units.
Global Partners LP announces CLO succession: Geary stepping down Jan 2026, Seabrook to succeed
Sean Geary to step down as CLO effective Jan 1, 2026; will continue as Senior Legal Advisor.
Global Partners amends credit agreement; maturity extended to Mar 2028, commitments revised
Maturity extended from May 2, 2026 to March 20, 2028.
Global Partners LP enters new employment agreements with five executives through 2027
New agreements effective Jan 1, 2025 for CEO Eric Slifka, CFO Gregory Hanson, COO Mark Romaine, CLO Sean Geary, and SVP Matthew Spencer.
Global Partners Q4 net income drops 57% YoY to $23.9M; storage capacity expands to 22M bbl
Q4 2024 net income $23.9M ($0.52 diluted unit) vs $55.3M ($1.41) in Q4 2023.
Global Partners LP declares Q4 2024 distribution of $0.7400 per common unit
Declared Q4 2024 cash distribution of $0.7400 per common unit (annualized $2.96).
Global Partners declares $0.59375/unit Series B preferred distribution
Quarterly cash distribution of $0.59375 per Series B preferred unit ($2.375 annualized).
Global Partners Q3 net income $45.9M ($1.17/unit) vs $26.8M YoY; EBITDA up 55%
Net income $45.9M, diluted EPS $1.17; vs $26.8M ($0.60) in Q3 2023.
Global Partners declares Q3 2024 cash distribution of $0.7300 per common unit
$0.7300 per unit ($2.92 annualized) for period July 1–Sept 30, 2024.
Global Partners LP declares $0.59375/unit quarterly Series B preferred distribution
Quarterly cash distribution of $0.59375 per unit ($2.375 annualized) on 9.50% Series B preferred units.
Global Partners Q2 net income $46.1M, EPS $1.10, up 11% YoY
Net income $46.1M ($1.10/diluted unit) vs $41.4M ($1.05) YoY.
Global Partners declares Q2 2024 cash distribution of $0.7200 per common unit
Quarterly distribution of $0.7200 per common unit ($2.88 annualized) for period Apr 1–Jun 30, 2024.
Global Partners declares $0.59375/unit Series B preferred distribution
Quarterly cash distribution of $0.59375 per Series B preferred unit ($2.375 annualized).
Global Partners Q1 net loss $5.6M vs $29.0M profit; EBITDA falls 27%
Net loss of $5.6M ($0.37 per unit) vs net income of $29.0M ($0.70 per unit) in Q1 2023.
GLP declares $0.7100/unit quarterly distribution; payable May 15, 2024
Quarterly cash distribution of $0.7100 per common unit ($2.84 annualized) declared.
Redeemed all outstanding Series A preferred units on April 15, 2024 at $25/unit plus $0.514275/unit cash distribution.
Global Partners LP redeems all Series A Preferred Units at $25 per unit on April 15, 2024
Redemption of all outstanding Series A Preferred Units (GLP pr A) on April 15, 2024.
Global Partners LP files 8-K/A with audited financials for $313M Motiva terminal acquisition
Purchase price of ~$313.2M, including inventory; financed via revolving credit facility.
Global Partners cuts Gulf Oil terminal deal to $212.3M, drops Portland terminal
Original $273M deal for five refined-products terminals amended; Portland, ME terminal removed.
Global Partners Q4 net income $55.3M ($1.41/unit); Adjusted EBITDA $112.1M, DCF $59.4M
Net income $55.3M ($1.41 per diluted unit) vs $57.5M ($1.54) in Q4 2022.
Global Partners reallocates $300M revolver commitment to WC commitment, removes interim WC
Reallocated $300M from Aggregate Revolver Commitment to Aggregate WC Commitment.
Global Partners declares Q4 2023 distribution of $0.70 per common unit
Quarterly cash distribution of $0.7000 per common unit ($2.80 annualized).
Global Partners LP issues $450M of 8.250% senior notes due 2032
$450M aggregate principal of 8.250% senior notes due Jan 15, 2032; interest semi-annual starting July 2024.
Global Partners declares quarterly cash distributions on Series A and B preferred units
Series A preferred distribution of $0.77596/unit ($3.10 annualized), payable Feb 15, 2024 to holders of record Feb 1, 2024.
Global Partners LP issues $450M 8.250% senior notes due 2032 to repay credit facility
Issued $450M aggregate principal amount of 8.250% senior notes due 2032 in private placement.
Director Robert J. McCool to retire from Global Partners LP Board effective March 1, 2024
Robert J. McCool notified the board of his retirement effective March 1, 2024.
in connection with the passing of Richard Slifka, Chairman of the Board of Directors
Thomas P. Jalkut was appointed to the Board of the Company
Eric Slifka has been appointed Chairman of the Company
Mr. Geary will resign as the General Partner’s Chief Legal Officer and Secretary effective January 1, 2026. He will continue to be employed as a Senior Legal Advisor to the General Partner and the Partnership following his resignation on terms to be negotiated.
and will succeed Mr. Geary as Chief Legal Officer effective January 1, 2026
Kristin Seabrook will join the General Partner as Senior Vice President of Legal Transformation on April 14, 2025
Robert J. McCool, a member of the board of directors (the “Board”) of Global GP LLC, the general partner of Global Partners LP (the “Partnership”), notified the Partnership of his decision to retire from the Board effective March 1, 2024.
approved the appointment of Ms. Clare McGrory to the Company’s Board of Directors (the “Board”), commencing March 1, 2023 and continuing through December 31, 2023.
On October 28, 2022, Jeremy (Jez) Langhorn announced his resignation as Chief Human Resources Officer of Global GP LLC (the “General Partner”), the general partner of Global Partners LP (the “Partnership”), to pursue other opportunities.
On December 19, 2021, Kenneth I. Watchmaker, a member of the board of directors (the “Board”) of Global GP LLC, the general partner of Global Partners LP (the “Partnership”), notified the Board of his decision to retire from the Board effective December 31, 2021.
On October 22, 2021, the Members of Global GP LLC (the “Company”), the general partner of Global Partners LP (the “Partnership”), approved the appointment of Mr. Jaime Pereira to the Company’s Board of Directors (the “Board”), commencing October 25, 2021 and continuing through December 31, 2022.
On September 27, 2021, Andrew Slifka announced his resignation as Executive Vice President and director of the general partner of Global Partners LP.
Max materiality 0.80 · Median 0.50 · Most common event dividend