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Global Partners LP Signs Amendment to Expand Revolving Credit Facility to $500 Million

November 10, 2005
               Bank of America, N.A. Leads Nine-bank Syndicate

WALTHAM, Mass., Nov. 10 /PRNewswire-FirstCall/ -- Global Partners LP (NYSE: GLP), one of New England's largest wholesale distributors of distillates, gasoline, and residual oil and bunker fuel to wholesalers, retailers and commercial customers, announced today that it has signed an amendment to its Revolving Credit Facility with a group of banks that increases its borrowing limits by $100 million to $500 million.

The four-year senior secured credit agreement, agented and arranged by the Bank of America, is comprised of a $450 million facility to be used for working capital purposes, a $35 million acquisition facility and a $15 million revolving credit facility to be used for general partnership purposes.

About Global Partners LP

Global Partners is a Delaware limited partnership formed by affiliates of the Slifka family. Global Partners owns, controls or has access to one of the largest terminal networks of refined petroleum products in New England. Global Partners is one of the largest wholesale distributors of distillates (such as home heating oil, diesel and kerosene), gasoline, and residual oil and bunker fuel to wholesalers, retailers and commercial customers in New England.

Safe Harbor Statement

This news release may contain certain "forward-looking statements" within the meaning of the federal securities laws. These forward-looking statements are identified as any statements that do not relate strictly to historical or current facts and can generally be identified by the use of forward-looking terminology including "may," "believe," "expect," "anticipate," "estimate," "continue" or other similar words. Such statements may discuss future expectations for or contain projections of results of operations, financial condition or our ability to make distributions to unitholders or state other "forward-looking" information. Forward-looking statements are not guarantees of performance. Although we believe these forward-looking statements are based on reasonable assumptions, statements made regarding future results are subject to a number of assumptions, uncertainties and risks, many of which are beyond our control, which may cause future results to be materially different from the results stated or implied in this document. Additional information about risks and uncertainties that could cause actual results to differ materially from forward-looking statements is contained under the caption "Risk Factors" in our prospectus dated September 28, 2005 as filed with the Securities and Exchange Commission on September 29, 2005 pursuant to Rule 424(b) of the Securities Act of 1933. We refer you to that filing for that additional information regarding our risks and uncertainties. All forward- looking statements included in this news release and all subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements speak only as of the date made, other than as required by law, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contacts:
    Thomas A. McManmon Jr.                      Edward J. Faneuil
    Executive Vice President and                Executive Vice President,
    Chief Financial Officer                     General Counsel and Secretary
    Global Partners LP                          Global Partners LP
    (781) 894-8800                              (781) 894-8800

SOURCE Global Partners LP
CONTACT: Thomas A. McManmon Jr., Executive Vice President and Chief Financial Officer, +1-781-894-8800; or Edward J. Faneuil, Executive Vice President, General Counsel and Secretary, +1-781-894-8800 both of Global Partners LP/

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