Deal Description: On January 3, 2024, Global Partners LP (NYSE: GLP) (“Global”) announced the pricing of a private offering (the “Offering”) to eligible purchasers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, of $450 million in aggregate principal amount of 8.250% Senior Notes due 2032 (the “Notes”). The Notes will be co-issued by GLP Finance Corp. and guaranteed by certain other subsidiaries of Global. The Offering is expected to close on January 18, 2024, subject to the satisfaction of customary closing conditions.

Global intends to use the net proceeds from the Offering to repay a portion of the borrowings outstanding under its credit agreement and for general corporate purposes.

Baker Botts L.L.P. represented the initial purchasers in the Offering.

Baker Botts Lawyers/Offices Involved:

• Corporate: Josh Davidson (Partner, Houston); Lakshmi Ramanathan (Special Counsel, Houston); Parker Hinman (Senior Associate, Houston); Chelsea Johnson (Associate, Houston); Cade Luedde (Associate, Houston)
  
  
• Finance: Clint Culpepper (Partner, Austin); Brittany Simington (Senior Associate, Dallas); Morgan Copher (Associate, Dallas)
  
  
• Tax: Chuck Campbell (Special Counsel, Houston)
  
  
• Environmental: Matt Kuryla (Partner, Houston); Elizabeth Singleton (Special Counsel, Houston)
  
  
• Real Estate: Connie Simmons Taylor (Partner, Houston); Sarah Hendrix (Associate, Dallas)

For more information, please see Global’s news release by clicking here.

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