debt
confidence high
sentiment neutral
materiality 0.70
Genesis Energy prices $750M 6.75% senior notes due 2034, upsized from $500M
GENESIS ENERGY LP
- Offering upsized to $750M aggregate principal from previously announced $500M.
- Notes priced at 100% par, coupon 6.75%, maturity 2034, net proceeds ~$737M.
- Proceeds to redeem all outstanding 7.75% notes due 2028 and repay revolver borrowings.
- Joint global coordinators: BofA Securities and Citigroup; settlement expected March 4, 2026.
- Notes co-issued by Genesis Energy Finance Corp, guaranteed by subsidiary guarantors.