Global Partner LP Stocks trade at discount levels after leadership changes and debt restructuring plans
Global Partners LP (NYSE:GLP) is one of 10 Dividend Bargain trades below insider prices.
The company has witnessed an upward move in insider trading following the appointment of a new vice-chairman and the announcement that it would sell a $450 million senior note.
Introducing the aerial views and operational scale of oil and gas refineries.
Global Partners LP (NYSE:GLP) is an integrated energy company that operates a network of liquid fuel terminals, wholesale distribution, and a network of approximately 1,700 fuel supply and convenience retailers in the Eastern and Gulf Coast. Retail customers.
On May 25, 2025, Global Partners LP (NYSE: GLP) announced that he has been appointed as the new vice-president of Thomas P. Jalkut after the death of Chairman Richard Srivka. Later, on June 10, 2025, they also announced a purchase agreement to sell a $450 million senior note in 2033. The company plans to use the proceeds from sales to fund the 2027 existing $400 million senior note tender offer and repay some of its credit agreement borrowings.
Following these developments, on June 12, 2025, Global GP LLC, the general partner of Global Partners LP (NYSE:GLP), purchased 5,000 units for $55.43.
As of June 25, 2025, the company’s shares are trading at $51.07. Investors attracted by the company’s dividend yield of 5.84% can use this stored entry point.
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