GLOBAL PARTNERS LP

(GLP)
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Delayed Nyse  -  04:00 2022-07-01 pm EDT
23.61 USD   +0.47%
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GLOBAL PARTNERS LP : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

03/15/2022 | 03:33pm EDT

Item 1.01. Entry into a Material Definitive Agreement

On March 9, 2022, Global Partners LP (the "Partnership"), as guarantor, and certain of its subsidiaries, as borrowers, entered into the Sixth Amendment to Third Amended and Restated Credit Agreement (the "Sixth Amendment"), which further amends the Third Amended and Restated Credit Agreement dated April 25, 2017 (as amended, the "Credit Agreement"). The Sixth Amendment amends certain terms and provisions of the Credit Agreement to provide for $200.0 million of WC Interim Commitments (the "WC Interim Tranche"). With the addition of the WC Interim Tranche, the total Aggregate Commitments under the Credit Agreement are increased to $1.55 billion. The terms and conditions of the WC Interim Commitments and any WC Interim Loans made pursuant thereto are substantially the same as the existing WC Commitments and WC Loans, except that the WC Interim Maturity Date is June 9, 2022 and no WC Interim Loans are permitted to be Eurocurrency Rate Loans. The WC Interim Obligations are secured by substantially all of the assets of the Loan Parties other than Real Estate. Capitalized terms used but not otherwise defined herein shall have the meanings respectively ascribed to such terms in the Credit Agreement.

The foregoing description of the Sixth Agreement does not purport to be complete and is qualified in its entirety by reference to the Sixth Agreement. A copy of the Sixth Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

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, 2021.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an

            Off-Balance Sheet Arrangement of a Registrant



The description of the Sixth Amendment under Item 1.01 above is incorporated into this Item 2.03 by reference.

Item 9.01 Financial Statements and Exhibits.





 (d) Exhibits




Exhibit
 Number                                  Description
  10.1       Sixth Amendment to Third Amended and Restated Credit Agreement, dated
           March 9, 2022.

  104      Cover Page Interactive Data File (embedded within the Inline XBRL
           document)

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Financials (USD)
Sales 2022 17 901 M - -
Net income 2022 137 M - -
Net Debt 2022 - - -
P/E ratio 2022 6,84x
Yield 2022 10,2%
Capitalization 802 M 802 M -
Capi. / Sales 2022 0,04x
Capi. / Sales 2023 0,04x
Nbr of Employees 2 960
Free-Float 79,4%
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Last Close Price 23,61 $
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Eric S. Slifka President, Chief Executive Officer & Vice Chairman
Gregory B. Hanson Chief Financial Officer & Treasurer
Richard B. Slifka Chairman
Mark Romaine Chief Operating Officer
Robert J. McCool Independent Director
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