UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 29, 2021
GLOBAL PARTNERS LP
(Exact name of registrant as specified in its charter)
Delaware
| 001-32593
| 74-3140887
|
(State or other jurisdiction
of incorporation) | (Commission
File Number) | (IRS Employer
Identification No.) |
P.O. Box 9161
800 South Street
Waltham, Massachusetts 02454-9161
(Address of Principal Executive Offices)
(781) 894-8800
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Common Units representing limited partner interests
| | GLP
| | |
| | | | | |
9.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests
| | | | |
| | | | |
9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests
| | | | New York Stock Exchange
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant |
On November 29, 2021, Global Partners LP (the “Partnership”), as guarantor, and certain of its subsidiaries, as borrowers, have agreed with the lenders party to the Third Amended and Restated Credit Agreement dated April 25, 2017 (as amended, the “Credit Agreement”) to increase the Aggregate WC Commitments by $100 million as provided in Section 2.13 (Increase in Commitments) of the Credit Agreement. After such increase, the Aggregate WC Commitments will be $900 million, and the total Aggregate Commitments will be $1.35 billion. The terms and conditions of the increased WC Commitments and any WC Loans made pursuant thereto will be the same as the existing WC Commitments and WC Loans. Capitalized terms used but not defined herein shall have the meanings respectively ascribed to such terms in the Credit Agreement.
All other material terms of the Credit Agreement remain the same as disclosed in the Partnership’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as amended by the Partnership’s Current Report on Form 8-K filed on May 6, 2021.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| | GLOBAL PARTNERS LP |
| | | |
| | By: | Global GP LLC |
| | | its general partner |
| | | |
| | | |
| Dated: November 30, 2021 | By: | /s/ Sean T. Geary |
| | | Sean T. Geary |
| | | Acting General Counsel, Secretary and |
| | | Vice President – Mergers & Acquisitions |
