secwatch.observer — SEC 8-K summary
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Issuer:     GENESIS ENERGY LP (GEL)
CIK:        0001022321
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001193125-24-182572
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Genesis Energy enters into $900M senior secured revolving credit facility, maturing 2028
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- New $900M facility replace Sixth Amended Credit Agreement; can increase to $1.05B with lender consent.
- Maturity September 1, 2028; accelerates if >$150M of certain 2027 or 2028 notes remain outstanding.
- Interest at alternate base rate or Term SOFR plus margin of 1.25%-2.50% (base) or 2.25%-3.50% (SOFR).
- Commitment fee 0.30%-0.50% on unused amount; covenants include max leverage and interest coverage ratios.
- Old credit agreement terminated and fully repaid with proceeds from the new facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022321/000119312524182572/0001193125-24-182572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022321/000119312524182572/d778740d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-182572

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