Monitor next quarterly filing for any change in the Combined Total Leverage Ratio, which determines the Applicable Revolver Rate pricing grid. The extension of maturity removes near-term refinancing risk for the next 5 years.
Price Chart
Executive Summary
Global Partners LP entered into the Twelfth Amendment to its credit agreement, extending the maturity date from March 20, 2028 to October 16, 2031, maintaining the $1.0 billion Aggregate WC Commitment and $500 million Aggregate Revolver Commitment, and reducing the Aggregate WC Interim Commitment to $0. The amendment also involved a syndicate reshuffle with three exiting lenders (Toronto-Dominion Bank, KeyBank, ING Capital) and four new lenders (TD Bank, PNC Bank, U.S. Bank, Valley National Bank), and the joinder of Global Hampton 95 Development LLC as a new guarantor. This is a routine refinancing that extends debt maturity by 3.5 years with no change to total committed capital, which is credit-positive for the preferred units.
Key Financial Metrics
Key Facts
- Maturity date extended from March 20, 2028 to October 16, 2031 (3.5-year extension)
- $1.0 billion Aggregate WC Commitment maintained
- $500 million Aggregate Revolver Commitment maintained
- Aggregate WC Interim Commitment reduced to $0
- Three Exiting Lenders: Toronto-Dominion Bank, KeyBank, ING Capital
- Four New Lenders: TD Bank, PNC Bank, U.S. Bank, Valley National Bank
- Global Hampton 95 Development LLC joined as a new Guarantor
- Risk policy annual financial loss limit increased from prior level
Financial Impact
No new borrowing or change in total committed capital ($1.5 billion aggregate). Maturity extended to October 2031. Three lenders exited and four new lenders joined the syndicate.
Risk Factors
- The WC Interim Commitment was reduced to $0, eliminating a potential source of working capital liquidity
- Three lenders exited the syndicate, though replaced by four new lenders
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-116618 |
| Document: tm2627677d1_8k.htm | 0001104659-26-116618 |
| Document: 0001104659-26-116618-index-headers.html | 0001104659-26-116618 |
| Document: 0001104659-26-116618-index.html | 0001104659-26-116618 |
| Document: 0001104659-26-116618.txt | 0001104659-26-116618 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | 8-K | $48.95 | awaiting T+20 | — | $48.28 (−1.37%) |
Oct 7, 2026 19d ago | SC 13G/A | $47.96 | awaiting T+20 | — | $48.28 (+0.67%) |
Sep 21, 2026 5w ago | Insider Buy | $49.25 $50.20 | ▲ +1.93% | ▲ +2.49% | $48.28 (−1.97%) |
Aug 10, 2026 11w ago | 15-12G | $50.01 $53.47 | ▲ +6.92% | ▲ +7.98% | $48.28 (−3.46%) |
Aug 7, 2026 11w ago | 8-K | $50.18 $52.70 | ▲ +5.02% | ▲ +5.42% | $48.28 (−3.79%) |
Jul 30, 2026 12w ago | 25-NSE | $48.97 $50.40 | ▲ +2.92% | ▼ −1.05% | $48.28 (−1.41%) |
Jul 29, 2026 12w ago | 8-K | $48.46 $50.08 | ▲ +3.34% | ▼ −1.68% | $48.28 (−0.37%) |
Jun 29, 2026 17w ago | 8-K | $46.59 $48.22 | ▲ +3.50% | ▲ +4.53% | $48.28 (+3.63%) |
Jun 16, 2026 18w ago | Insider Buy | $43.40 $48.84 | ▲ +12.53% | ▲ +11.22% | $48.28 (+11.24%) |
Jun 11, 2026 19w ago | Insider Buy | $47.13 $48.33 | ▲ +2.55% | ▲ +0.77% | $48.28 (+2.44%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers