Key Developments: Global Partners LP (GLP.N)

GLP.N on New York Stock Exchange

42.41USD
9 Jul 2014
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$0.80 (+1.92%)
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Latest Key Developments (Source: Significant Developments)

Global Partners LP announces pricing of private offering of senior notes
Thursday, 19 Jun 2014 06:03pm EDT 

Global Partners LP:Says it prices previously announced private offering of $375 mln in aggregate principal amount of 6.25 pct senior unsecured notes due 2022 (Senior Notes).Global intends to use net proceeds from offering to repay portion of borrowings outstanding under its revolving credit facility and to repurchase its outstanding 8.00 pct senior notes and 7.75 pct Senior Notes.Senior Notes will be guaranteed by certain subsidiaries of Global.Sale of the Senior Notes is expected to be completed on or about June 24, 2014.Senior Notes will be issued at par.  Full Article

Global Partners LP announces crude oil transportation agreement with Meadowlark Midstream Company
Wednesday, 11 Jun 2014 08:30am EDT 

Global Partners LP:Enters into agreement with Meadowlark Midstream Company, LLC whereby Meadowlark will build, own and operate new a crude oil transportation system.  Full Article

Global Partners LP reaffirms FY 2014 EBITDA guidance - Conference Call
Wednesday, 21 May 2014 01:15pm EDT 

Global Partners LP:Confirms guidance at $175 million to $195 million in EBITDA for FY 2014.FY 2014 EBITDA of $192 million - Thomson Reuters I/B/E/S.  Full Article

Global Partners LP reaffirms FY 2014 EBITDA outlook
Thursday, 8 May 2014 08:00am EDT 

Global Partners LP:Continues to expect FY 2014 EBITDA in the range of $175 million to $195 million.FY 2014 EBITDA of $181 million- Thomson Reuters I/B/E/S.  Full Article

Global Partners LP's subsidiary announces pipeline connection agreement
Thursday, 24 Apr 2014 08:30am EDT 

Global Partners LP:Basin Transload LLC its 60 pct owned subsidiary has executed pipeline connection agreement with Tesoro High Plains Pipeline Company LLC, a subsidiary of Tesoro Logistics LP.Says whereby Tesoro Logistics will build, own and operate new 4.1-mile pipeline lateral from its Dunn Center Station to Basin Transload's facility in Beulah, ND.Crude oil is expected to begin flowing to Beulah destination in fourth quarter of 2014.Beulah facility includes 280,000 barrels of storage capacity and connects via direct long-haul service to the West and Gulf Coasts via BNSF.  Full Article

Global Partners LP declares cash distribution
Wednesday, 23 Apr 2014 08:30am EDT 

Global Partners LP:Declares quarterly cash distribution of $0.6250 per unit on all of outstanding common units for period from Jan. 1 through March 31.Distribution will be paid May 15 to unitholders of record as of the close of business May 6.  Full Article

Global Partners LP raises FY 2013 EBITDA outlook
Monday, 31 Mar 2014 07:30am EDT 

Global Partners LP:Now expects EBITDA in the range of $175 - $195 million.FY 2013 EBITDA of $158 mln - Thomson Reuters I/B/E/S.  Full Article

Global Partners LP reaffirms FY 2013 EBITDA outlook
Thursday, 13 Mar 2014 08:30am EDT 

Global Partners LP:Affirms FY 2013 EBITDA guidance of $150-$175 mln.Says after taking into account a $10 mln accrued obligation in the Q4 2013 related to its accounting for Renewal Identification Numbers (RINs), it expects its results to be at the lower end of the EBITDA range.FY 2013 EBITDA of $161 mln - Thomson Reuters I/B/E/S.  Full Article

Global Partners LP announces demise of Alfred A. Fred Slifka
Monday, 10 Mar 2014 08:30am EDT 

Global Partners LP:Says Alfred A. Fred Slifka, chairman of its general partner, Global GP LLC, who passed aways unexpectedly.Richard, vice chairman since March 2005, will succeed him as chairman.  Full Article

Global Partners LP declares increased cash distribution
Wednesday, 22 Jan 2014 08:30am EST 

Global Partners LP:Says it has declared a quarterly cash distribution of $0.6125 per unit ($2.45 per unit on an annualized basis) on all of its outstanding common units for the period from Oct. 1 through Dec. 31, 2013.Says the distribution will be paid Feb. 14 to unitholders of record as of the close of business Feb. 5.Says the distribution to be paid in Feb. 2014 represents an increase of approximately 2% over the quarterly distribution of $0.60 per unit paid in Nov. 2013 and an increase of approximately 7.5% over the quarterly distribution of $0.57 per unit paid in Feb. 2013.  Full Article

Kansas City Southern, Global Partners plan Texas oil rail terminal

NEW YORK, July 8 - Railroad owner Kansas City Southern has teamed up with oil product distributor Global Partners LP to build a major oil train terminal in Port Arthur, Texas that will import crude from Western Canada, the companies said in a statement on Tuesday.

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