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Global Partners to launch 3M-unit offering

Jun. 11, 2015 8:09 AM ETGlobal Partners LP Common Units (GLP) StockBy: Carl Surran, SA News Editor
  • Global Partners (NYSE:GLP) -5.6% premarket after announcing a public offering of 3M common units, with an underwriters option to purchase up to an additional 450K units.
  • GLP says it plans to use the proceeds to reduce outstanding debt under its revolving credit facility.

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