Corporate ActionJul 30, 2026, 04:37 PM
Global Partners Redeems 3M Series B Preferred Units for $75M
AI Summary
Global Partners LP announced the redemption of all 3,000,000 of its Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units. The redemption occurred on July 30, 2026, at a price of $25.00 per unit, totaling $75 million, plus an additional cash distribution. Effective July 30, 2026, these preferred units are no longer outstanding.
Key Highlights
- Redeemed 3,000,000 Series B Preferred Units.
- Redemption price of $25.00 per unit.
- Total redemption value of $75 million.
- Included a cash distribution for May 15, 2026, through July 29, 2026.
- Series B Preferred Units are no longer outstanding as of July 30, 2026.
Price Impact
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