Global Partners (GLP) to delist 9.50% Series B preferred units from NYSE
Rhea-AI Filing Summary
Global Partners LP is removing its 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units, representing limited partner interests, from listing and registration on the New York Stock Exchange LLC. The exchange certifies that it has complied with its rules to strike this class from listing, and the issuer has complied with exchange rules and 17 CFR 240.12d2-2(c) governing the voluntary withdrawal of this class of securities from listing and registration.
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Key Figures
Series B coupon rate: 9.50%
1 metrics
Series B coupon rate
9.50%
Fixed rate on Series B cumulative redeemable perpetual preferred units
Key Terms
Form 25, voluntary withdrawal, Fixed Rate Cumulative Redeemable Perpetual Preferred Units, 17 CFR 240.12d2-2(c)
4 terms
Form 25 regulatory
"Form 25 Notification of Removal from Listing and/or Registration"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
voluntary withdrawal regulatory
"governing the voluntary withdrawal of the class of securities"
Fixed Rate Cumulative Redeemable Perpetual Preferred Units financial
"9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units"
17 CFR 240.12d2-2(c) regulatory
"requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What security is Global Partners (GLP) removing from NYSE listing?
Global Partners is removing its 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units, which represent limited partner interests, from listing and registration on the New York Stock Exchange LLC.
Which exchange was Global Partners (GLP) Series B preferred listed on?
The 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units of Global Partners were listed on the New York Stock Exchange LLC before this removal from listing and registration.
Is the delisting of Global Partners (GLP) Series B preferred voluntary?
Yes. The issuer has complied with exchange rules and 17 CFR 240.12d2-2(c), which governs the voluntary withdrawal of this class of securities from listing and registration on the exchange.
What regulatory rule governs GLP’s removal of its Series B preferred units?
The voluntary withdrawal of Global Partners’ Series B preferred units from listing and registration is governed by 17 CFR 240.12d2-2(c), in addition to the applicable rules of the New York Stock Exchange LLC.
Who signed the NYSE notification for Global Partners (GLP) delisting?
The notification was signed on behalf of the New York Stock Exchange LLC by Anthony Sozzi, identified as an Analyst, Market Watch, certifying reasonable grounds to file Form 25.