Financing ·
Global Partners LP extends credit facility maturity to Oct 2031 under $1.5B agreement
GLPGlobal Partners LP
Global Partners LP entered into the Twelfth Amendment to its Third Amended and Restated Credit Agreement, extending the maturity date of the credit facility from March 20, 2028, to October 16, 2031. The amendment maintains a $1.0 billion aggregate working capital commitment and a $500 million aggregate revolver commitment while reducing the previously extended interim working capital commitment to zero. Certain lenders' loans and commitments were assigned to new or existing lenders. Global Partners LP operates in the energy logistics sector, providing terminaling, storage, and transportation services for petroleum products and renewable fuels.