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Global Partners LP Signs Amendment to Expand Revolving Credit Facility to $600 Million

August 03, 2006

WALTHAM, Mass., Aug 03, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Global Partners LP (NYSE: GLP), one of New England's largest wholesale distributors of distillates, gasoline and residual oil to wholesalers, retailers and commercial customers, announced today that it has signed an amendment to its Revolving Credit Facility with an eleven-bank group, increasing the Partnership's borrowing capacity by $100 million to $600 million.

Bank of America serves as agent for the three-year senior secured credit agreement, which is composed of a $550 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. The other participants are Citizens Bank of Massachusetts, Fortis Capital Corp., JPMorgan Chase Bank, KeyBank, Societe Generale, Sovereign Bank, Standard Chartered Bank, TD Banknorth Inc., Webster Bank and Wells Fargo Bank.

About Global Partners LP

Global Partners LP, a master limited partnership based in Waltham, Massachusetts, is one of the largest wholesale distributors of distillates (such as home heating oil, diesel and kerosene), gasoline and residual oil to wholesalers, retailers and commercial customers in New England. Global Partners LP trades on the New York Stock Exchange under the ticker symbol "GLP." For additional information, please visit

Safe Harbor Statement

This news release contains 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 "will," "may," "believe," "expect," "anticipate," "estimate," "continue" or other similar words. Such statements may discuss business prospects, new developments and future expectations or contain projections of results of operations, financial condition and Global Partners LP's ability to make distributions to unitholders. These statements are not guarantees of performance. Although Global Partners LP believes 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 the control of Global Partners LP, which may cause actual results to be materially different from the forward-looking statements contained in this news release. For specific risks and uncertainties that could cause actual results to differ materially from forward-looking statements, please refer to Global Partners LP's Quarterly Report on Form 10-Q for the quarter ended March 31, 2006, and its Annual Report on Form 10-K for the year ended December 31, 2005. All forward-looking statements included in this news release and all subsequent written or oral forward-looking statements attributable to Global Partners LP or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements speak only as of the date made, and Global Partners LP undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Thomas J. Hollister                  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

Thomas J. Hollister, 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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