GLOBAL PARTNERS LP 8-K

What Happened

• Global Partners LP (NYSE: GLP) filed an 8-K on June 29, 2026, announcing it will redeem all issued and outstanding Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units (NYSE: GLP pr B; CUSIP 37946R307) on July 30, 2026.
• The Redemption Price is $25.00 per unit plus any unpaid and accrued distributions up to, but excluding, the Redemption Date; payment will be in cash and subject to any required tax withholding. Trading of the Series B Preferred Units on the NYSE will cease prior to market open on the Redemption Date.

Key Details

• Notice issued: June 29, 2026; Redemption Date: July 30, 2026.
• Redemption Price: $25.00 per Series B Preferred Unit, plus accrued distributions to (but excluding) July 30, 2026; payable in cash.
• All Series B units are held in book-entry form at The Depository Trust Company (DTC) and will be redeemed per DTC procedures; Equiniti Trust Company, LLC is the redemption agent (28 Liberty Street, 53rd Floor, New York, NY 10005).
• After redemption, Series B Preferred Units will no longer be outstanding and holders’ rights will terminate except for the right to receive the Redemption Price.

Why It Matters

• Holders of the Series B Preferred Units will receive a cash payment and will no longer hold those preferred units or be entitled to future distributions after the redemption date; trading will stop on the NYSE before market open on July 30, 2026.
• For investors, this is a liquidity event for Series B holders (cash-out at $25.00 plus accrued distributions) and a capital-structure change for Global Partners (removal of the outstanding Series B preferred instrument). The filing also notes forward-looking statement disclaimers and that withholding taxes may reduce cash received.