GLOBAL PARTNERS LP 8-K

What Happened
GLOBAL PARTNERS LP filed an 8-K (Item 2.03) reporting that, effective March 13, 2026, the Partnership and certain subsidiaries exercised the accordion feature of their Third Amended and Restated Credit Agreement to increase the Aggregate Working Capital Interim Commitments by $300 million. The Partnership also received lender approval to reallocate up to $200 million of the Aggregate Revolver Commitment to the Aggregate Working Capital Commitments at its option.

Key Details

• $300 million increase in Aggregate WC Interim Commitments, effective March 13, 2026.
• The increase is temporary for a period not to exceed 364 days; after that the Aggregate WC Interim Commitment automatically reduces to $0.
• Lenders approved optional reallocation of up to $200 million from the Aggregate Revolver Commitment to Aggregate WC Commitments.
• Change made under the Partnership’s Credit Agreement (Third Amended and Restated, dated April 25, 2017); all other material terms remain as disclosed in the 2025 Form 10-K.

Why It Matters
This amendment boosts short-term liquidity and gives the company greater flexibility to fund working capital needs or short-term cash requirements without changing long‑term credit terms. The temporary nature (≤364 days) limits the increase’s duration, and the optional $200M reallocation allows the Partnership to shift revolver capacity into working capital commitments if needed. Investors should monitor actual borrowings under these commitments and any effects on leverage or cash flow metrics disclosed in future filings.