2026-03-21 13:41:36
Global Partners LP Increases Credit Facility by $300 Million
Expected Stock impact: Slightly Positive
On March 13, 2026, Global Partners LP, acting as guarantor, along with its subsidiaries, entered into an agreement with lenders to exercise the accordion feature of their Third Amended and Restated Credit Agreement dated April 25, 2017. This agreement allows the Partnership to increase the Aggregate Working Capital Interim Commitments by $300 million. The increase is effective immediately and will remain in place for a period not exceeding 364 days, after which the Aggregate Working Capital Interim Commitment will automatically revert to $0. Additionally, the Partnership has received approval from lenders to reallocate up to $200 million from the Aggregate Revolver Commitment to the Aggregate Working Capital Commitments at its discretion. This move is expected to enhance the liquidity position of Global Partners LP, providing them with additional financial flexibility to navigate market conditions and support operational needs.
