Genesis Energy, L.P. Announces the Expiration of Its Tender Offer for Any and All of Aggregate Principal Amount of Its 6.500% Senior Notes Due 2025
2023年12月7日 - 1:18PM
ビジネスワイヤ(英語)
Genesis Energy, L.P. (NYSE: GEL) today announced that its
previously announced cash tender offer to purchase any and all of
the outstanding aggregate principal amount of the 6.500% senior
unsecured notes due 2025 (the “Notes”) that we co-issued with our
subsidiary, Genesis Energy Finance Corporation, expired at 5:00
p.m., New York City time, on December 6, 2023 (the “Expiration
Time”). As of the Expiration Time, $513,984,000 aggregate principal
amount of the outstanding Notes (96.10%) were validly tendered,
which excludes $584,000 aggregate principal amount of the
outstanding Notes that remain subject to guaranteed delivery
procedures. The settlement date for the Notes is expected to be
December 7, 2023.
Pursuant to the terms of the tender offer, Notes not tendered in
the tender offer will remain outstanding. We intend to call such
outstanding Notes for redemption in accordance with the terms and
conditions of the indenture governing the Notes.
Persons with questions regarding the tender offer should contact
the dealer manager, BofA Securities, Inc. by telephone at (888)
292-0070 (toll-free) or (980) 388-3646, or the information agent
and tender agent, D.F. King & Co., Inc. by telephone at (800)
659-5550 (toll-free) or, for banks and brokers, at (212) 269-5550
(Banks and Brokers only) or in writing at D.F. King & Co.,
Inc., 48 Wall Street, 22nd Floor, New York, New York 10005,
Attention: Michael Horthman, or by email at genesis@dfking.com.
Genesis Energy, L.P. is a diversified midstream energy master
limited partnership headquartered in Houston, Texas. Genesis’
operations include offshore pipeline transportation, soda and
sulfur services, marine transportation and onshore facilities and
transportation. Genesis’ operations are primarily located in the
Gulf Coast region of the United States, Wyoming and the Gulf of
Mexico.
This press release includes forward-looking statements as
defined under federal law. Although we believe that our
expectations are based upon reasonable assumptions, no assurance
can be given that our goals will be achieved, including statements
related to the tender offer and redemption. Actual results may vary
materially. We undertake no obligation to publicly update or revise
any forward-looking statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20231206898676/en/
Genesis Energy, L.P. Dwayne Morley VP – Investor Relations (713)
860-2536
Genesis Energy (NYSE:GEL)
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