Global Partners LP (NYSE: GLP) (“Global” or “the Partnership”) today
announced the pricing of an underwritten public offering by the owners
of AE Holdings Corp. (“the selling unitholders”) of 1,956,234 common
units representing limited partner interests in the Partnership at a
price to the public of $36.10 per common unit. The Partnership is not
offering any common units in the offering and will not receive any
proceeds from the sale of units by the selling unitholders in this
offering. The offering is expected to close on March 27, 2015, subject
to customary closing conditions.
Barclays is acting as the sole underwriter in connection with the
offering.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy the securities described herein, nor shall there be
any sale of these securities in any jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
The common units were offered and sold pursuant to an effective
registration statement on Form S-3 previously filed with the Securities
and Exchange Commission. This offering may be made only by means of a
prospectus supplement and accompanying base prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended,
which will be filed with the Securities and Exchange Commission.
Copies of the prospectus supplement and accompanying base prospectus
related to this offering can be obtained from Barclays c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Barclaysprospectus@broadridge.com,
or (888) 603-5847.
About Global Partners LP
A publicly traded master limited partnership, Global is a midstream
logistics and marketing company that owns, controls or has access to one
of the largest terminal networks of petroleum products and renewable
fuels in the Northeast. Global also is one of the largest distributors
of gasoline, distillates, residual oil and renewable fuels to
wholesalers, retailers and commercial customers in New England and New
York. The Partnership is a leader in the transportation of crude oil and
other products by rail across its “virtual pipeline” from the
mid-continental U.S. and Canada to the East and West Coasts for
distribution to refiners and others. With nearly 1,500 locations,
primarily in the Northeast, Global also is one of the largest
independent owners, suppliers and operators of gasoline stations and
convenience stores. Global is No. 146 in the Fortune 500 list of
America’s largest corporations.
Forward-Looking Statements
This news release may contain forward-looking statements.
Forward-looking statements include, without limitation, any statement
that may project, indicate or imply future results, events, performance
or achievements, and may contain the words “may,” “believe,” “should,”
“could,” “expect,” “anticipate,” “plan,” “intend,” “estimate,” “will
likely result,” or other similar expressions. In addition, any statement
made by Global Partners LP’s management concerning future financial
performance (including future revenues, earnings or growth rates),
ongoing business strategies or prospects and possible actions by Global
Partners LP or its subsidiaries are also forward-looking statements.
Although Global Partners LP believes these forward-looking statements
are reasonable as and when made, there may be events in the future
that Global Partners LP is not able to predict accurately or control,
and there can be no assurance that future developments affecting Global
Partners LP’s business will be those that it anticipates.
For additional information about risks and uncertainties that could
cause actual results to differ materially from the expectations Global
Partners LP describes in its forward-looking statements, please refer to
Global Partners LP’s Annual Report on Form 10-K and subsequent filings
the Partnership makes with the Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on the forward-looking
statements, which speak only as of the date on which they are
made. Global Partners LP expressly disclaims any obligation or
undertaking to update forward-looking statements to reflect any change
in its expectations or beliefs or any change in events, conditions or
circumstances on which any forward-looking statement is based.
Copyright Business Wire 2015