Reported 1 day ago
Global Partners LP has finalized a $450 million senior notes placement to bolster its financial stability following significant changes in its Board of Directors, including the passing of Chairman Richard Slifka and the appointment of new Vice Chairman Thomas P. Jalkut. The company, a key player in liquid energy terminals and fuel distribution in the US, plans to use the proceeds to refinance existing debt and support a 5.65% dividend yield amid a changing investment landscape.
Source: YAHOO