03:03 PM EDT, 06/10/2025 (MT Newswires) -- Global Partners ( GLP ) said Tuesday it priced an upsized offering of $450 million 7.125% senior unsecured notes due 2033 at par.

The energy supply company said it plans to use the proceeds to fund the purchase of its outstanding $400 million 7% senior notes due 2027 via a cash tender offer and to repay a portion of the borrowings outstanding under its credit agreement.

The offering is expected to be completed on June 23.

Shares were up 1.5% in recent trading.

Price: 54.94, Change: +0.80, Percent Change: +1.48