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Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item
Published on 6/16/2014 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Global Partners to repurchase 8%, 7¾% senior notes via new offering

By Tali Rackner

Norfolk, Va., June 16 – Global Partners LP plans to repurchase all of its outstanding 8% senior notes and 7¾% senior notes with the proceeds from a private offering of senior notes, according to a press release.

Proceeds will also be used to repay a portion of the borrowings outstanding under the company’s revolving credit facility.

Global Partners is a Waltham, Mass.-based wholesaler and commercial distributor of refined petroleum products and natural gas and a provider of ancillary services.


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