Genesis Energy amends credit agreement, relaxes leverage and interest coverage covenants

GENESIS ENERGY LP

Maximum consolidated leverage ratio increased to 5.75x from 5.00x for Q4 2024 through Q3 2025, then 5.50x thereafter.
Minimum interest coverage ratio reduced to 2.00x (from 2.40x) for Q4 2024 through Dec 2025; steps up to 2.25x in 2026 and 2.50x later.
Amendment dated Dec 11, 2024; lenders include Wells Fargo as admin agent, Bank of America as syndication agent.
Provides greater financial flexibility during a period of elevated leverage.

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