Global Partners to draw on revolver for liquid energy terminals buy

By Sara Rosenberg

New York, Nov. 9 – Global Partners LP plans to use borrowings under its existing revolving credit facility to fund the acquisition of 25 liquid energy terminals along the Atlantic Coast, in the Southeast and in Texas from Motiva Enterprises LLC for $305.8 million, according to a news release.

Closing is expected this year, subject to customary conditions, including regulatory approvals.

Global Partners is a Waltham, Mass.-based storage, distribution and retail liquid energy company.

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