tiprankstipranks
Trending News
More News >

Global Partners Completes $450M Senior Notes Placement

Story Highlights
Global Partners Completes $450M Senior Notes Placement

Confident Investing Starts Here:

The latest announcement is out from Global Partners ( (GLP) ).

On June 23, 2025, Global Partners LP and GLP Finance Corp. completed a private placement of $450 million in senior notes due 2033, with an interest rate of 7.125% per annum. The proceeds from this issuance were used to fund a cash tender offer for the company’s outstanding 7.00% senior notes due 2027 and to repay part of the borrowings under the company’s credit agreement. This strategic financial maneuver is expected to optimize the company’s debt structure and potentially improve its financial stability.

The most recent analyst rating on (GLP) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on Global Partners stock, see the GLP Stock Forecast page.

Spark’s Take on GLP Stock

According to Spark, TipRanks’ AI Analyst, GLP is a Outperform.

The overall score reflects strong earnings call results and positive technical indicators, partially offset by financial performance risks. While valuation is reasonable, financial stability could improve with better debt management and consistent cash flow.

To see Spark’s full report on GLP stock, click here.

More about Global Partners

Average Trading Volume: 55,982

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.84B

Find detailed analytics on GLP stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1