secwatch.observer — SEC 8-K summary
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Issuer:     GENESIS ENERGY LP (GEL)
CIK:        0001022321
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001193125-26-097605
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Genesis Energy enters new $900M credit facility, expandable to $1.3B, matures 2031
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- New $900M senior secured revolving facility entered on March 4, 2026, replacing prior credit agreement.
- Facility can be increased to $1.3B with lender consent; maturity March 4, 2031 (earlier if notes remain outstanding).
- Interest at alternate base rate or Term SOFR plus margin; margin varies 1.25%-2.50% for base rate, 2.25%-3.50% for SOFR.
- Commitment fee on unused portion: 0.30% to 0.50% per annum.
- Covenants include max leverage ratio, max senior secured leverage, min interest coverage; secured by guarantees and liens.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022321/000119312526097605/0001193125-26-097605-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022321/000119312526097605/d125190d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-097605

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