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Global Partners LP 9.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

Coupon is fixed until 8/14/2023 after which it will float at the rate of 3 month Libor plus a spread of 6.774%

Ticker: GLP-A

Parent Ticker: GLP

OTC Grey Market Temporary Ticker: GLPRU

Issuance Date: 07/31/2018

1st Call Date: 08/15/2023

Maturity Date: None

Shares Issued: 2,400,000

Overallotment Shares: 360,000

Coupon: 9.75%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.6094

Payment Months: FEB, MAY, AUG, NOV

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR