Corporate ActionJun 29, 2026, 04:17 PM
Global Partners to Redeem All Series B Preferred Units on July 30
AI Summary
Global Partners LP announced its intention to fully redeem all issued and outstanding Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units on July 30, 2026. The redemption price will be $25.00 per unit, plus accrued and unpaid distributions. Following the redemption, these preferred units will no longer be outstanding, and trading on the NYSE will cease.
Key Highlights
- Global Partners LP to redeem all Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units.
- Redemption Date is set for July 30, 2026.
- Redemption Price is $25.00 per unit, plus unpaid and accrued distributions.
- Series B Preferred Units will no longer be outstanding after redemption.
- Trading of Series B Preferred Units on NYSE will cease prior to market open on Redemption Date.
- Equiniti Trust Company, LLC is acting as the redemption agent.
Price Impact
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