Fueling the Future slide image

Fueling the Future

Recent Highlights • . · Completed acquisition of 25 refined product terminals from Motiva Enterprises for $313.2 million in cash, including inventory The assets are located on the Atlantic Coast, in the Southeast and in Texas and have an aggregate shell capacity of 8.4 million bbls. Acquisition underpinned by 25-year guaranteed take-or-pay throughput agreement with Motiva that includes minimum annual revenue commitments. Completed private offering of $450 million in aggregate principal amount of 8.250% senior unsecured notes due 2032 - Net proceeds used to repay a portion of the borrowings outstanding under credit agreement and for general corporate purposes. Expanded retail operations into Texas through Spring Partners Retail (SPR) joint venture with ExxonMobil GLOBAL SPR acquired a portfolio of 64 Houston-area convenience and fueling facilities Global invested $69.5 million in cash for a 49.99% interest in the joint venture 5
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