Global Partners News

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Global Partners Announces Cash Distributions on Series A and B Preferred Units

WALTHAM, Mass.–(BUSINESS WIRE)–
Global Partners LP (NYSE:GLP) announced today that the Board of Directors (the “Board”) of its general partner, Global GP LLC, has declared a cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership’s 9.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units for the period from February 15, 2021 through May 14, 2021.

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Global Partners LP Prices Public Offering of Series B Preferred Units

WALTHAM, Mass.–(BUSINESS WIRE)–
Global Partners LP (NYSE:GLP) (“Global” or the “Partnership”) today announced that it has priced an offering of 3,000,000 of its 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units, liquidation preference of $25.00 per unit (the “Series B Preferred Units”), at $25.00 per Series B Preferred Unit in an offering registered under the Securities Act of 1933, as amended.

Full Story » “Global Partners LP Prices Public Offering of Series B Preferred Units”

Global Partners LP Announces Public Offering of Series B Preferred Units

WALTHAM, Mass.–(BUSINESS WIRE)–
Global Partners LP (NYSE:GLP) (“Global” or the “Partnership”) today announced that it has commenced a public offering, subject to market and other conditions, of Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units, liquidation preference of $25.00 per unit (the “Series B Preferred Units”). Global also expects to grant the underwriters a 30-day option to purchase additional Series B Preferred Units.

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Global Partners Announces Chief Financial Officer Succession

Daphne H. Foster to Retire August 31, 2021; Gregory B. Hanson, Global’s Treasurer Since 2014, Promoted to CFO Effective September 1, 2021

WALTHAM, Mass.–(BUSINESS WIRE)–
Global Partners LP (NYSE: GLP) today announced that Daphne H. Foster has notified the Board of Directors that she plans to retire as Chief Financial Officer and step down as a member of the board effective August 31, 2021, after more than 14 years with the Partnership.

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Global Partners LP Files 2020 Annual Report on Form 10-K

WALTHAM, Mass.–(BUSINESS WIRE)–
Global Partners LP (NYSE: GLP) today announced that its Annual Report on Form 10-K for the year ended December 31, 2020 was filed with the U.S. Securities and Exchange Commission (SEC) on March 5, 2021.

A copy of the Annual Report on Form 10-K is available to be viewed or downloaded on the Partnership’s website at https://ir.globalp.com

Full Story » “Global Partners LP Files 2020 Annual Report on Form 10-K”