Genesis Energy closes $500M offering of 8.875% senior notes due 2030; proceeds to fund tender offer for 2024 notes

GENESIS ENERGY LP

Issued $500M principal amount of 8.875% senior unsecured notes due April 15, 2030.
Interest payable semi-annually on April 15 and October 15, beginning October 15, 2023.
Net proceeds used to fund cash tender offer for existing 5.625% notes due 2024 and for general purposes.
Offering closed January 25, 2023; notes are senior unsecured and rank equally with other senior debt.
Outstanding notes include $534.8M 6.500% notes due 2025, $339.3M 6.250% notes due 2026, and others.

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