Genesis Energy LP issues $425M senior secured notes due 2042 secured by trona royalty interest

GENESIS ENERGY LP

$425M principal amount of senior secured notes due 2042 issued by indirect subsidiary GA ORRI, LLC.
Notes secured by 50-year limited term overriding royalty interest in substantially all of Genesis' trona mineral leases.
Proceeds used to redeem all outstanding preferred units of Genesis Alkali Holdings and partially pay down Credit Agreement borrowings.
Credit Agreement amended to permit transaction; Issuer and its parent designated as unrestricted subsidiaries under credit facility and existing indentures.
Certain subsidiaries assumed guarantees for Credit Agreement and supplemented indentures for 2024-2028 senior notes.

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