Genesis Energy, L.P. (NYSE:GEL) today announced that it has
priced a public offering of $550,000,000 in aggregate principal
amount of 6.50% senior unsecured notes due 2025. The price to
investors will be 100% of the principal amount of the notes. 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. The offering of the notes is expected to settle and
close on August 14, 2017, subject to customary closing
conditions.
Wells Fargo Securities, LLC, BMO Capital Markets Corp., Deutsche
Bank Securities Inc., SMBC Nikko Securities America, Inc., ABN AMRO
Securities (USA) LLC, BNP Paribas Securities Corp., BofA Merrill
Lynch, Capital One Securities, Inc., Citigroup, RBC Capital
Markets, LLC, Scotia Capital (USA) Inc. and DNB Markets, Inc. are
acting as joint book-running managers for the offering. A copy of
the final prospectus supplement and accompanying base prospectus
relating to this offering, when available, may be obtained
from:
Wells Fargo Securities, LLCAttention: WFS Customer Service608
2nd Ave S, Suite 1000Minneapolis, MN 55402Telephone: (800) 645-3751
Opt 5Email: wfscustomerservice@wellsfargo.com
BMO Capital Markets Corp.3 Times SquareNew York, NY
10036Attention: Syndicate DepartmentTelephone: (212) 702-1882
Deutsche Bank Securities Inc.Attention: Prospectus Group60 Wall
StreetNew York, NY 10005Telephone: (800) 503-4611Email:
prospectus.cpdg@db.com
SMBC Nikko Securities America, Inc.Attention: Securities
Operations277 Park AvenueNew York, NY 10172Telephone:
888-868-6856Email: prospectus@smbcnikko-si.com
ABN AMRO Securities (USA) LLCAttention: Debt Capital Markets100
Park Avenue, 17th FloorNew York, NY 10017Telephone:
917-284-6800Email: us_dcm@abnamro.com
BNP Paribas Securities Corp.787 Seventh AvenueNew York, NY
10019Attention: Syndicate DeskTelephone: 1-800-854-5674
BofA Merrill LynchNC1-004-03-43200 North College Street, 3rd
floorCharlotte NC 28255-0001Attention: Prospectus DepartmentEmail:
dg.prospectus_requests@baml.com
Capital One Securities, Inc.Attention: Capital Markets, Floor
31299 Park AvenueNew York, New York 22957
CitigroupAttention: Capital Markets, Floor 7388 Greenwich
StreetNew York, NY 10013
RBC Capital Markets, LLCThree World Financial Center, 200 Vesey
Street, 8th floorNew York, NY 10281Telephone: 1-877-822-8098
Scotia Capital (USA) Inc.250 Vesey StreetNew York, NY
10281Attention: Debt Capital MarketsTelephone: 1-800-372-3930
DNB Markets, Inc.200 Park Avenue, 31st floorNew York, NY
10166
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/20170808005400/en/
Genesis Energy, L.P.Bob Deere, 713-860-2516Chief Financial
Officer
Genesis Energy (NYSE:GEL)
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