Genesis Energy prices $600M 8.250% senior notes due 2029, upsized from $550M

GENESIS ENERGY LP

Offering upsized to $600M aggregate principal at 98.961% of par, 8.250% coupon due 2029.
Net proceeds ~$583M after underwriting discounts and expenses.
Proceeds to fund tender offer/redemption of existing 6.500% 2025 notes and repay credit facility.
Expected settlement December 7, 2023; BofA Securities leads underwriters.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GENESIS ENERGY LP entered into Underwriting Agreement with BofA Securities, Inc., as representative of a group of underwriters valued at $600 million in aggregate principal amount of 8.250% senior unsecured notes due 2029 (effective 2023-11-30).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc., as representative of a group of underwriters
Value: $600 million in aggregate principal amount of 8.250% senior unsecured notes due 2029
Effective: 2023-11-30

Exact text from the filing

On November 30, 2023, Genesis Energy, L.P. (“ Genesis ”), Genesis Energy Finance Corporation (together with Genesis, the “ Issuers ”) and certain subsidiary guarantors of Genesis entered into an Underwriting Agreement (the “ Underwriting Agreement ”) with BofA Securities, Inc., as representative of a group of underwriters named in the Underwriting Agreement, in connection with the Issuers’ public offering of senior notes (the “ Offering ”)

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GENESIS ENERGY LP filing history →

Source: SEC EDGAR

accession 0001193125-23-287486

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