The redemption of the Series B Preferred Units is a modest positive for common equity holders as it eliminates a senior dividend claim, but the impact is likely already priced in. Monitor for any subsequent capital allocation decisions or changes to the common dividend.
Price Chart
Executive Summary
The NYSE filed a Form 25-NSE to delist Global Partners LP's 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units, effective August 10, 2026, following a full redemption on July 30, 2026. The company deposited sufficient funds for payment, and trading in the preferred units was suspended immediately. This is a routine capital structure event with minimal direct impact on the common equity.
Key Facts
- NYSE filed to remove the 9.50% Series B Preferred Units from listing and registration.
- The entire class was called for redemption on July 30, 2026, with funds deposited for payment.
- Trading in the preferred units was suspended on July 30, 2026.
- Delisting becomes effective at the opening of business on August 10, 2026.
Financial Impact
Redemption amount not disclosed in filing; the preferred units carried a 9.50% fixed cumulative dividend. Removal reduces fixed obligations and simplifies the capital structure.
Risk Factors
- No material risks identified from this filing; the redemption was fully funded.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0000876661-26-000650 |
| Document: 0000876661-26-000650-index.html | 0000876661-26-000650 |
| Document: 0000876661-26-000650.txt | 0000876661-26-000650 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | 15-12G | $50.01 $53.47 | ▲ +6.92% | ▲ +7.98% | $46.63 (−6.76%) |
Aug 7, 2026 8w ago | 8-K | $50.18 $52.70 | ▲ +5.02% | ▲ +5.42% | $46.63 (−7.07%) |
Jul 30, 2026 9w ago | 25-NSE | $48.97 $50.40 | ▲ +2.92% | ▼ −1.05% | $46.63 (−4.78%) |
Jul 29, 2026 9w ago | 8-K | $48.46 $50.08 | ▲ +3.34% | ▼ −1.68% | $46.63 (−3.78%) |
Jun 29, 2026 13w ago | 8-K | $46.59 $48.22 | ▲ +3.50% | ▲ +4.53% | $46.63 (+0.09%) |
Jun 16, 2026 15w ago | Insider Buy | $43.40 $48.84 | ▲ +12.53% | ▲ +11.22% | $46.63 (+7.44%) |
Jun 11, 2026 16w ago | Insider Buy | $47.13 $48.33 | ▲ +2.55% | ▲ +0.77% | $46.63 (−1.06%) |
Jun 8, 2026 16w ago | Insider Buy | $48.22 $48.47 | ▲ +0.52% | ▼ −0.93% | $46.63 (−3.30%) |
May 8, 2026 21w ago | 8-K | $25.39 $25.51 | ▲ +0.49% | ▲ +0.46% | $46.63 (+83.68%) |
Apr 30, 2026 22w ago | 8-K | $25.31 $25.39 | ▲ +0.31% | ▼ −4.66% | $46.63 (+84.23%) |
US Market Status
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