Key Developments: Global Partners LP (GLP.N)

GLP.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Global Partners LP declares quarterly cash distribution
Wednesday, 22 Oct 2014 08:30am EDT 

Global Partners LP:Declares quarterly cash distribution of $0.6525 per unit.Says distribution will be paid Nov. 14.Record as of Nov. 5.  Full Article

Global Partners LP gives H2 2014 EBITDA guidance
Thursday, 9 Oct 2014 08:45am EDT 

Global Partners LP:Sees H2 2014 EBITDA to generate of between $50 million and $60 million.  Full Article

Global Partners's Global Montello Group Corp announces definitive agreement to acquire Warren Equities
Thursday, 9 Oct 2014 08:00am EDT 

Global Partners LP:Says its Global Montello Group Corp. subsidiary has enters into definitive agreement to acquire 100 pct of equity interest in Warren Equities, Inc. (Warren).The total consideration is about $383 mln, subject to closing adjustments.The acquisition is expected to be accretive in first full year of operations.Closing is expected in first quarter of 2015, subject to customary closing conditions and regulatory approvals.  Full Article

Global Partners LP reaffirms FY 2014 EBITDA guidance
Thursday, 7 Aug 2014 08:00am EDT 

Global Partners LP:Continues to expect FY 2014 EBITDA in range of $175 mln to $195 mln.FY 2014 EBITDA of $194 mln - Thomson Reuters I/B/E/S.  Full Article

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

Global Partners LP:Declared quarterly cash distribution of $0.6375 per unit on all of its outstanding common units for period from April 1 through June 30.Distribution will be paid Aug. 14 to unitholders of record as of close of business Aug. 5.  Full Article

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

Oregon approves permit for Global Partners crude oil railport

SAN FRANCISCO, Aug 20 - Oregon environmental regulators on Tuesday approved an emissions control permit for a Global Partners LP railport along the Columbia River that clears the way for the firm to significantly increase the amount of crude oil it can receive via rail and load onto vessels to deliver to U.S. West Coast refineries.

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