Global Partners LP Stock Trades at Discounted Levels After Leadership Changes and Debt Restructuring Plans

Global Partners LP (NYSE:GLP) is one of the 10 dividend bargains trading below insiders’ prices.

The company witnesses upward movements in its insider transactions, following the appointment of a new Vice Chairman and an announcement to sell $450 million in senior notes.

Global Partners LP Stock Trades at Discounted Levels After Leadership Changes and Debt Restructuring Plans

Aerial view of an oil & gas refinery, showcasing the scale of operations.

Global Partners LP (NYSE:GLP) is an integrated energy company operating a liquid fuel terminal, wholesale distribution, and a network of approximately 1,700 fueling and convenience retail locations across the Eastern and Gulf U.S. The company was co-founded in 1933. Headquartered in Massachusetts, it supplies petroleum products, including gasoline, diesel, aviation fuels, and renewable blends to commercial, wholesale, and retail customers.

On May 25, 2025, Global Partners LP (NYSE:GLP) announced the appointment of Thomas P. Jalkut as the new Vice Chairman following the passing of Chairman Richard Slifka. Later, on June 10, 2025, it also announced the purchase agreement to sell $450 million in senior notes due in 2033. The company intends to use the proceeds from the sale to fund a tender offer for its existing $400 million senior notes due 2027 and repay part of its credit agreement borrowings.

Following these developments, on June 12, 2025, Global GP LLC, General Partner of Global Partners LP (NYSE:GLP), purchased 5,000 units at $55.43.

As of June 25, 2025, the company’s shares trade at $51.07. Investors attracted to the company’s dividend yield of 5.84% can use this bargained entry point, which stands 7.8% below the insider’s purchase price.

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