Global Partners LP announced that it intends to commence a private offering to eligible purchasers, subject to market and other conditions, of $450 million in aggregate principal amount of senior unsecured notes due 2032. The Senior Notes will be co-issued by GLP Finance Corp. and guaranteed by certain other subsidiaries of Global.

Global intends to use the net proceeds from the offering of the Senior Notes to repay a portion of the borrowings outstanding under its credit agreement and for general corporate purposes. The Senior Notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance upon Rule 144A under the Securities Act of 1933, as amended, and non-U.S. persons in transactions outside the United States in reliance upon Regulation S under the Securities Act.