Global Partners redeems Series B preferred units
Global Partners LP redeemed all of its 3,000,000 Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units on July 30, 2026.
Accepted by SEC EDGAR
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Form Type
8-K
Rhea-AI Filing Summary
Global Partners LP redeemed all of its 3,000,000 Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units on July 30, 2026. Each unit was redeemed at a $25.00 per unit redemption price plus a cash distribution for the period from May 15, 2026 through July 29, 2026, less applicable tax withholding. The redemption price and cash distribution were paid in full on July 30, 2026, and the Series B Preferred Units are no longer outstanding.
8-K Event Classification
Item 7.01 — Regulation FD Disclosure
1 item
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Key Figures
Series B units redeemed: 3,000,000 Series B Preferred Units
Redemption price: $25.00 per unit
Distribution period: May 15, 2026 through July 29, 2026
+2 more
5 metrics
Series B units redeemed
3,000,000 Series B Preferred Units
All issued and outstanding Series B units redeemed
Redemption price
$25.00 per unit
Cash paid per Series B Preferred Unit upon redemption
Distribution period
May 15, 2026 through July 29, 2026
Period for which a cash distribution was paid with redemption
Series B coupon rate
9.50%
Rate on 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units
Redemption date
July 30, 2026
Date redemption price and cash distribution were paid in full
Key Terms
Fixed Rate Cumulative Redeemable Perpetual Preferred Units, redemption price, cash distribution, Emerging growth company
4 terms
Fixed Rate Cumulative Redeemable Perpetual Preferred Units financial
"9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units"
redemption price financial
"at a redemption price of $25.00 per unit, plus a cash distribution"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
cash distribution financial
"plus a cash distribution for the period from May 15, 2026 through July 29, 2026"
A cash distribution is a direct payment of money from a company, fund, or investment vehicle to its shareholders or investors, similar to receiving a portion of the profits or proceeds like a periodic paycheck. It matters to investors because it provides tangible return on their ownership, affects the value left in the business, and can signal financial health or a change in strategy—like a homeowner taking money out of a property rather than reinvesting in it.
Emerging growth company regulatory
"Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 ...). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Global Partners (GLP) announce regarding its Series B preferred units?
Global Partners redeemed all 3,000,000 of its Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units. The units were retired on July 30, 2026, and are no longer outstanding after payment of the redemption price and related cash distribution.
What was the redemption price for GLP’s Series B preferred units?
Each Series B preferred unit was redeemed at a redemption price of $25.00 per unit. Holders also received a cash distribution for the period from May 15, 2026 through July 29, 2026, subject to applicable tax withholding.
How many Global Partners (GLP) Series B preferred units were redeemed?
Global Partners redeemed 3,000,000 Series B preferred units, representing all of its issued and outstanding Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units. After this transaction, no Series B preferred units remain outstanding.
When did Global Partners (GLP) complete the Series B preferred unit redemption?
The redemption was completed on July 30, 2026. On that date, Global Partners paid the $25.00 per unit redemption price plus the related cash distribution in full and the Series B preferred units ceased to be outstanding.
Did holders of GLP Series B preferred units receive a final cash distribution?
Yes. In addition to the $25.00 per unit redemption price, holders received a cash distribution covering the period from May 15, 2026 through July 29, 2026, reduced by any required tax withholding under applicable law.
What type of security did Global Partners (GLP) redeem in this transaction?
Global Partners redeemed its 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units. These preferred units represented limited partner interests and, following the redemption, this class of preferred equity is no longer outstanding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
