Global Partners prices senior notes offering

Global Partners LP

Global Partners LP (NYSE:GLP) has priced its previously announced private offering of $375 million in the aggregate principal amount of 6.25% 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 its outstanding 8.00% senior notes and 7.75% senior notes.

The senior notes will be guaranteed by certain subsidiaries of Global. The sale of the senior notes is expected to be completed on or about June 24. The senior notes will be issued at par.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...