debt
confidence high
sentiment neutral
materiality 0.60
Genesis Energy closes $600M offering of 8.000% senior notes due 2033
GENESIS ENERGY LP
- Issued $600M of 8.000% senior unsecured notes maturing May 15, 2033; interest payable semiannually starting May 15, 2025.
- Proceeds used to purchase $575M of outstanding 8.0% notes due 2027 and for general partnership purposes, including revolver repayment.
- Notes rank equally with existing senior unsecured notes (2027, 2028, 2029, 2030, 2032 issues).
- Offering closed December 19, 2024; underwritten by Wells Fargo Securities as representative.