secwatch.observer — SEC 8-K summary
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Issuer:     GENESIS ENERGY LP (GEL)
CIK:        0001022321
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001193125-23-046584
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genesis Energy enters into $850M senior secured revolving credit facility, maturing 2026
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- New $850M facility replaces prior credit agreement; can be increased to $1.05B with lender consent.
- Matures Feb 13, 2026, with two one-year extension options; earlier maturity if >$150M of 6.5% notes due 2025 remain outstanding on June 30, 2025.
- Interest rates: ABR plus margin 1.25%-2.75% or Term SOFR plus 2.25%-3.75% based on leverage ratio.
- Commitment fee 0.30%-0.50% per annum on unused committed amount, depending on leverage.
- Covenants include maximum leverage ratio, maximum senior secured leverage ratio, and minimum interest coverage ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022321/000119312523046584/0001193125-23-046584-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022321/000119312523046584/d468966d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-046584

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