Global Partners LP (GLP) Prices 3.4M Common Unit Offering at $22.75/Unit

Global Partners LP (NYSE: GLP) today announced that it has priced an offering of 3,400,000 common units representing limited partner interests in Global Partners LP at $22.75 per common unit in an offering registered under the Securities Act of 1933, as amended. In connection with the offering, Global Partners LP granted the underwriters a 30-day option to purchase up to 510,000 common units to cover over-allotments, if any. Global Partners LP intends to use the net proceeds from this offering to reduce indebtedness outstanding under its credit agreement. Global Partners LP expects to close the sale of common units on March 19, 2010, subject to customary closing conditions.

Barclays Capital and BofA Merrill Lynch are acting as joint book-running managers of the common unit offering. Credit Suisse and RBC Capital Markets are acting as co-managers.