Global begins private offering of senior notes

Global Partners LP

Global Partners LP (NYSE:GLP) intends to begin a private offering to eligible purchasers of $375 million in aggregate principal amount of senior unsecured notes due 2022. Global intends to use the net proceeds from the offering to repay a portion of the borrowings outstanding under its revolving credit facility and to repurchase all of its outstanding 8.00% senior notes and 7.75% senior notes. The senior notes will be guaranteed by certain subsidiaries of Global.

The senior notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance upon Rule 144A under the Securities Act of 1933, as amended, and non-US persons in transactions outside the US in reliance upon Regulation S under the Securities Act.

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