First Supplemental Indenture, dated as of October 28, 2020, among the Issuers, the Guarantors and Regions Bank, as successor to Deutsche Bank Trust Company Americas, as trustee

Contract Categories: Business Finance - Indenture Agreements
EX-4.5 3 tm2038351d2_ex4-5.htm EXHIBIT 4.5

 

Exhibit 4.5

 

 

 

GLOBAL PARTNERS LP

 

GLP FINANCE CORP.

 

and

 

the Guarantors named herein

 

 

 

7.00% SENIOR NOTES DUE 2027

 

 

 

SUPPLEMENTAL INDENTURE

AND AMENDMENT -- SUBSIDIARY GUARANTEE

 

DATED AS OF OCTOBER 28, 2020

 

REGIONS BANK

 

Trustee

 

 

 

 

 

This SUPPLEMENTAL INDENTURE, dated as of October 28, 2020, is among Global Partners LP, a Delaware limited partnership (the “Company”), GLP Finance Corp., a Delaware corporation (“Finance Corp.” and, together with the Company, the “Issuers”), each of the parties identified under the caption “Guarantors” on the signature page hereto (the “Guarantors”) and Regions Bank, an Alabama state-chartered banking corporation, as successor to Deutsche Bank Trust Company Americas, as Trustee.

 

RECITALS

 

WHEREAS, the Issuers, the initial Guarantors and the Trustee entered into an Indenture, dated as of July 31, 2019 (the “Indenture”), pursuant to which the Issuers have issued $400,000,000 in the aggregate principal amount of 7.00% Senior Notes due 2027 (the “Notes”);

 

WHEREAS, Section 9.01(g) of the Indenture provides that the Issuers, the Guarantors and the Trustee may amend or supplement the Indenture in order to comply with Section 4.13 or 10.03 thereof, without the consent of the Holders of the Notes; and

 

WHEREAS, all acts and things prescribed by the Indenture, by law and by the Certificate of Incorporation and the Bylaws (or comparable constituent documents) of the Issuers, of the Guarantors and of the Trustee necessary to make this Supplemental Indenture a valid instrument legally binding on the Issuers, the Guarantors and the Trustee, in accordance with its terms, have been duly done and performed;

 

NOW, THEREFORE, to comply with the provisions of the Indenture and in consideration of the above premises, the Issuers, the Guarantors and the Trustee covenant and agree for the equal and proportionate benefit of the respective Holders of the Notes as follows:

 

ARTICLE 1 

 

Section 1.01.      This Supplemental Indenture is supplemental to the Indenture and does and shall be deemed to form a part of, and shall be construed in connection with and as part of, the Indenture for any and all purposes.

 

Section 1.02.      This Supplemental Indenture shall become effective immediately upon its execution and delivery by each of the Issuers, the Guarantors and the Trustee.

 

ARTICLE 2 

 

From this date, in accordance with Section 4.13 or 10.03 and by executing this Supplemental Indenture, the Guarantors whose signatures appear below are subject to the provisions of the Indenture to the extent provided for in Article 10 thereunder.

 

ARTICLE 3 

 

Section 3.01.      Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect in accordance with their terms with all capitalized terms used herein without definition having the same respective meanings ascribed to them as in the Indenture.

 

 

 

Section 3.02.      No duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Supplemental Indenture. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Issuers. This Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto.

 

Section 3.03.      THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

Section 3.04.      The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of such executed copies together shall represent the same agreement.

 

[NEXT PAGE IS SIGNATURE PAGE]

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first written above.

 

  GLOBAL PARTNERS LP
   
  By: GLOBAL GP LLC,
    its General Partner

 

  By: /s/ Daphne H. Foster
    Name: Daphne H. Foster
    Title: Chief Financial Officer
   
  GLP FINANCE CORP.
   
  By: /s/ Daphne H. Foster
    Name: Daphne H. Foster
    Title: Chief Financial Officer

 

  GUARANTORS
   
  global operating llc
   
  By: Global Partners LP,
    its Sole Member
   
  By: Global GP LLC,
    its General Partner

 

  By: /s/ Daphne H. Foster
    Name: Daphne H. Foster
    Title: Chief Financial Officer

 

 

 

  GLOBAL COMPANIES LLC
  GLobal Energy Marketing LLC
  Chelsea Sandwich LLC
  Alliance Energy LLC
  Cascade Kelly Holdings LLC
  BASIN TRANSLOAD, LLC
   
  By: Global Operating LLC,
    its Sole Member
   
  By: Global Partners LP,
    its Sole Member
   
  By: Global GP LLC,
    its General Partner

 

  By: /s/ Daphne H. Foster
 

 

Name:

Daphne H. Foster

 

 

Title:

Chief Financial Officer

 

  BURSAW OIL LLC
   
  By: Alliance Energy LLC,
    its Sole Member
   
  By: Global Operating LLC,
    its Sole Member
   
  By: Global Partners LP,
    its Sole Member
   
  By: Global GP LLC,
    its General Partner

 

 

By:

/s/ Daphne H. Foster

 

 

Name:

Daphne H. Foster

 

 

Title:

Chief Financial Officer

 

 

 

  GLOBAL MONTELLO GROUP CORP.
  GLEN HES CORP.
  WARREN EQUITIES INC.
  WAREX TERMINALS CORPORATION
  DRAKE PETROLEUM COMPANY, INC.
  PURITAN OIL COMPANY, INC.
  MARYLAND OIL COMPANY, INC.
   
  By: /s/ Daphne H. Foster
    Name: Daphne H. Foster
    Title: Chief Financial Officer
   
  GLOBAL PARTNERS ENERGY CANADA ULC
   
  By: /s/ Daphne H. Foster
    Name: Daphne H. Foster
    Title: Chief Financial Officer

 

 

 

  REGIONS BANK, as Trustee
   
  By: /s/ Kristine Prall
    Name: Kristine Prall
    Title: Vice President