Global Partners LP Restructures Credit Agreement Commitments

Global Partners Lp (GLP) has released an update to notify the public and investors about its financial commitment initiation.

Global Partners LP has renegotiated terms with its lenders to adjust the commitments of its credit agreement, effectively moving $300 million from the Aggregate Revolver Commitment to the Aggregate WC Commitment, while also eliminating the $200 million Aggregate WC Interim Commitment. These changes, effective February 8, 2024, revert the credit facility to its previous structure, maintaining all other material terms as previously reported.

For further insights into GLP financials, check out TipRanks’ Financials page.

For a comprehensive understanding of the announcement, you can read the full document here.