Genesis Energy, L.P. Announces the Expiration of Its Tender Offer for Any & All of Aggregate Principal Amount of Its 5.750% S...
09 Dezember 2017 - 12:57AM
Business Wire
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 5.750% senior
unsecured notes due 2021 that we co-issued with our subsidiary,
Genesis Energy Finance Corporation (the “Notes”)
expired at 5:00 p.m., New York City time, on December 8, 2017
(the “Expiration Time”). As of the Expiration Time,
$195,131,000 aggregate principal amount of the outstanding Notes
(approximately 55.75%) were validly tendered, which excludes
$10,360,000 aggregate principal amount of the outstanding Notes
that remain subject to guaranteed delivery procedures.
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 on or after February 15, 2018
in accordance with the terms and conditions of the indenture
governing the Notes.
Genesis Energy, L.P. is a diversified midstream energy master
limited partnership headquartered in Houston, Texas. Genesis’
operations include offshore pipeline transportation, sodium
minerals 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: http://www.businesswire.com/news/home/20171208005737/en/
Genesis Energy, L.P.Bob Deere, 713-860-2516Chief Financial
Officer
Genesis Energy (NYSE:GEL)
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