Global Partners LP Redeems All Series B Preferred Units

What Happened
Global Partners LP announced and effected the redemption of all 3,000,000 of its issued and outstanding Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units. The Partnership redeemed the units at a price of $25.00 per unit and paid a cash distribution for the period May 15, 2026 through July 29, 2026. The redemption price and distribution were paid in full on July 30, 2026, and the Series B Preferred Units are no longer outstanding. This disclosure was made under Regulation FD (Item 7.01 of Form 8‑K).

Key Details

• Units redeemed: 3,000,000 Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units.
• Redemption price: $25.00 per unit; total principal cash payout = $75,000,000 (3,000,000 × $25.00).
• Distribution paid: Cash distribution covering May 15, 2026 through July 29, 2026, paid July 30, 2026 (subject to any required tax withholding).
• Effective date: July 30, 2026 — Series B units no longer outstanding.

Why It Matters
For investors, this is a completed capital structure change: Global Partners used cash to retire the Series B preferred units and their associated dividend obligation through July 29, 2026. The removal of these preferred units may reduce future fixed cash dividend obligations tied to that series and slightly alter the Partnership’s leverage and allocation of cash flows. The filing confirms the transaction was fully paid and final as of July 30, 2026.