Global Partners LP announced it will redeem all $75 million of its 3 million outstanding Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units. The redemption date is July 30, 2026, at a price of $25.00 per share plus accrued and unpaid distributions. After redemption, the units will cease trading on the New York Stock Exchange under the symbol GLP pr B. The company also provided withholding guidance for non-U.S. investors and brokers.
Global Partners LPCompany redeems preferred units at par, a capital event that reduces future dividend obligations.