Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
On November 29, 2021, Global Partners LP (the "Partnership"), as guarantor, and
certain of its subsidiaries, as borrowers, have agreed with the lenders party to
the Third Amended and Restated Credit Agreement dated April 25, 2017 (as
amended, the "Credit Agreement") to increase the Aggregate WC Commitments by
$100 million as provided in Section 2.13 (Increase in Commitments) of the Credit
Agreement. After such increase, the Aggregate WC Commitments will be $900
million, and the total Aggregate Commitments will be $1.35 billion. The terms
and conditions of the increased WC Commitments and any WC Loans made pursuant
thereto will be the same as the existing WC Commitments and WC Loans.
Capitalized terms used but not defined herein shall have the meanings
respectively ascribed to such terms in the Credit Agreement.
All other material terms of the Credit Agreement remain the same as disclosed in
the Partnership's Annual Report on Form 10-K for the fiscal year ended December
31, 2020, as amended by the Partnership's Current Report on Form 8-K filed on
May 6, 2021.
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