Genesis Energy, L.P. Announces Public Offering of Senior Notes
07 August 2017 - 1:40PM
Business Wire
Genesis Energy, L.P. (NYSE: GEL) today announced the
commencement of a registered underwritten public offering of
$550,000,000 in aggregate principal amount of senior unsecured
notes due 2025. The notes will be co-issued with our subsidiary,
Genesis Energy Finance Corporation, and will be guaranteed, with
certain exceptions, by substantially all of our existing and future
subsidiaries. We intend to use net proceeds from the offering to
fund a portion of the purchase price for our recently announced
pending acquisition of the trona and trona-based exploring, mining,
processing, producing, marketing and selling business of Tronox
Limited and its affiliates.
Wells Fargo Securities, LLC, Deutsche Bank Securities Inc. and
BMO Capital Markets Corp. are acting as joint book-running managers
for the offering. A copy of the preliminary prospectus supplement
and accompanying base prospectus relating to this offering, when
available, may be obtained from the underwriters as follows:
Wells Fargo Securities, LLCAttn: WFS Customer Service608 2nd Ave
S, Suite 1000Minneapolis, MN 55402Telephone: (800) 645-3751 Opt
5Email: wfscustomerservice@wellsfargo.com
Deutsche Bank Securities Inc.Attn: Prospectus Group60 Wall
StreetNew York, NY 10005Telephone: (800) 503-4611Email:
prospectus.cpdg@db.com
BMO Capital Markets Corp.3 Times SquareNew York, NY
10036Attention: Syndicate DepartmentTelephone: (212) 702-1882
You may also obtain these documents for free, when they are
available, by visiting the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities nor shall there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. The offer is being made only through the prospectus
supplement and accompanying base prospectus, each of which is part
of our effective shelf registration statement on Form S-3
previously filed with the Securities and Exchange Commission.
Genesis Energy, L.P. is a diversified midstream energy master
limited partnership headquartered in Houston, Texas. Genesis’
operations include offshore pipeline transportation, refinery
services, marine transportation and onshore facilities and
transportation. Genesis’ operations are primarily located in Texas,
Louisiana, Arkansas, Mississippi, Alabama, Florida, 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
regarding our ability to successfully close the offering and to use
the net proceeds as indicated above. 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: http://www.businesswire.com/news/home/20170807005451/en/
Genesis Energy, L.P.Bob Deere, 713-860-2516Chief Financial
Officer
Genesis Energy (NYSE:GEL)
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