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Get filing alertsGlobal Partners extends credit facility maturity to 2031, keeps $1.5B commitments
Filed October 16, 2026 · Period ending October 16, 2026 · ~1 min read
Key Changes
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Twelfth Amendment extends credit facility maturity from March 20, 2028 to October 16, 2031.
Item 1.01 verify on EDGAR → -
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Maintains $1.0B working capital commitment and $500M revolver commitment; interim WC commitment reduced to $0.
Item 1.01 verify on EDGAR → -
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Allows lenders to assign loans and commitments to new or existing lenders.
Item 1.01 verify on EDGAR → -
medium
Filed as a direct financial obligation under Item 2.03, incorporating Item 1.01 terms by reference.
Item 2.03 verify on EDGAR →
Summary
Global Partners LP amended its credit facility to extend the maturity date from March 2028 to October 2031, giving the company additional runway before refinancing. The amendment preserves the existing $1.0 billion working capital commitment and $500 million revolver commitment, keeping total borrowing capacity at $1.5 billion, while reducing a previously extended interim working capital commitment to zero. The filing also permits lenders to assign their loans and commitments to other lenders, a routine syndication adjustment.
The company reported the arrangement under both Item 1.01 (material definitive agreement) and Item 2.03 (direct financial obligation), with the latter incorporating the former by reference. No red flags were identified in the filing. For retail holders, this is a straightforward extension of existing credit terms with no change in total commitments, providing continued liquidity access through 2031.
Section-by-Section Diff
Event · Item 2.03 — Creation of a Direct Financial Obligation
Item 2.03 — Creation of a Direct Financial Obligation filed; see Key Changes for terms.
Added in current filing · view on EDGAR →
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The description of the Twelfth Amendment under Item 1.01 above is incorporated into this Item 2.03 by reference.
The company also filed this under Item 2.03, which means it is reporting the arrangement as a direct financial obligation. The Item 2.03 text refers back to the Item 1.01 entry for the terms rather than restating them.
Event · Item 1.01 — Entry into a Material Definitive Agreement
Global Partners extends its credit facility maturity to 2031 and maintains $1.5B in commitments.
Added in current filing · verify on EDGAR →
extend the maturity date of the credit facility from March 20, 2028 to October 16, 2031
The Twelfth Amendment pushes the credit facility's maturity date out by roughly three and a half years, from March 2028 to October 2031. This gives the company more time before it needs to refinance or repay the facility.
Added in current filing · verify on EDGAR →
maintain each of the $1.0 billion Aggregate WC Commitment (as defined in the Credit Agreement) and the $500 million Aggregate Revolver Commitment (as defined in the Credit Agreement) and reduce the previously extended Aggregate WC Interim Commitment (as defined in the Credit Agreement) to $0
The amendment keeps the $1.0 billion working capital commitment and the $500 million revolver commitment in place, while reducing a previously extended interim working capital commitment to zero. This preserves the company's total borrowing capacity at $1.5 billion.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
assign all or a portion of certain lenders’ Loans and Commitments under the Credit Agreement to certain other new and/or existing Lenders that wish to assume such Loans and Commitments
The amendment allows some lenders to transfer their loans and commitments to other new or existing lenders. This is a routine syndication adjustment that can occur when a credit facility is amended or extended.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 19, 2026 · How we verify