Global Partners LP announced that it has priced its previously announced private offering of $450 million in aggregate principal amount of 8.250% senior unsecured notes due 2032 (the ?Senior Notes?). The Senior Notes will be co-issued by GLP Finance Corp. and guaranteed by certain other subsidiaries of Global.

The sale of the Senior Notes is expected to be completed on or about January 18, 2024, subject to customary closing conditions. The Senior Notes will be issued at par. Global intends to use the net proceeds from the offering of the Senior Notes to repay a portion of the borrowings outstanding under its credit agreement and for general corporate purposes.

The Senior Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance upon Rule 144A under the Securities Act of 1933, as amended (the ?Securities Act?), and non-U.S. persons in transactions outside the United States in reliance upon Regulation S under the Securities Act. The Senior Notes have not been and will not be registered under the Securities Act or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws.