UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM 8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of report (Date of earliest event reported): August 22, 2016
GLOBAL
PARTNERS LP
(Exact
name of registrant as specified in its charter)
Delaware |
001-32593 |
74-3140887 |
(State or other jurisdiction |
(Commission |
(IRS Employer |
P.O. Box 9161 |
(Address of Principal Executive Offices) |
(781) 894-8800
(Registrant’s telephone number, including area
code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events
On May 20, 2016, Drake Petroleum Company, Inc., an indirect wholly owned subsidiary of Global Partners LP (the “Partnership”), as seller, entered into a Purchase and Sale Agreement with Mirabito Holdings, Inc. (“Mirabito”), as buyer, to sell to Mirabito certain gasoline stations and convenience stores located in New York and Pennsylvania (the “Drake Sites”) for an aggregate total cash purchase price of approximately $40.0 million (the “Mirabito Disposition”). The Drake Sites are a portion of the sites that were acquired by the Partnership in connection with the acquisition of Warren Equities, Inc. and its subsidiaries on January 7, 2015.
On August 22, 2016, the Mirabito Disposition closed with respect to
thirty (30) Drake Sites for an aggregate total purchase price of $40.0
million, less customary settlement charges. Approximately $28.0 million
of the proceeds were used to pay down debt under the Partnership’s
revolving credit facility and the balance of the proceeds remain
available to pursue like-kind exchange transactions to acquire retail
gasoline assets In connection with the closing, the parties entered
into long term supply contracts for branded and unbranded gasoline and
other petroleum products.
Item
9.01. Financial Statements and Exhibits
(d) |
Exhibit |
99.1* |
Global Partners LP Press Release dated August 24, 2016 |
* Furnished herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
GLOBAL PARTNERS LP |
|||||
By: |
Global GP LLC, |
||||
its general partner |
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Dated: |
August 24, 2016 |
By: |
/s/ Edward J. Faneuil |
||
Executive Vice President, |
EXHIBIT INDEX
Exhibit |
Description |
|
99.1 |
Global Partners LP Press Release dated August 24, 2016 |
* Furnished herewith.