Global Partners (NYSE:GLP) has priced its previously announced private offering of $450 million of 8.250% senior unsecured notes due in 2032. The senior notes will be co-issued by GLP Finance Corp. and guaranteed by certain other subsidiaries of Global. The sale of the senior notes is expected to be completed on or about January 18, 2024. The notes will be issued at par. The company said that it intends to use the net proceeds from the offering to repay a portion of the borrowings outstanding under its credit agreement and for general corporate purposes.
