Genesis Energy, L.P. Prices Public Offering of Senior Notes
04 Dezember 2017 - 10:58PM
Business Wire
Genesis Energy, L.P. (NYSE: GEL) today announced that it has
priced a public offering of $450,000,000 in aggregate principal
amount of 6.25% senior unsecured notes due 2026. 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 a portion of the net proceeds from the offering to
fund the purchase price and accrued and unpaid interest for all of
our 5.750% senior unsecured notes due 2021 that are validly
tendered and accepted for payment in our concurrent tender offer
and the redemption price and accrued and unpaid interest for any
5.750% senior unsecured notes due 2021 that remain outstanding
after the completion or termination of our concurrent tender offer
and for general partnership purposes, including repaying a portion
of the borrowings outstanding under our revolving credit facility.
The offering of the notes is expected to settle and close on
December 11, 2017, subject to customary closing
conditions.
Citigroup Global Markets Inc., SMBC Nikko Securities America,
Inc., Wells Fargo Securities, LLC, ABN AMRO Securities (USA) LLC,
BofA Merrill Lynch, BMO Capital Markets Corp., Capital One
Securities, Inc., Deutsche Bank Securities Inc., DNB Markets, Inc.,
RBC Capital Markets, LLC and Scotia Capital (USA) Inc. are acting
as joint book-running managers for the notes offering. A copy of
the final prospectus supplement and accompanying base prospectus
relating to this offering, when available, may be obtained
from:
Citigroup Global Markets Inc.c/o Broadridge Financial
Solutions1155 Long Island AvenueEdgewood, New York 11717Telephone:
1-800-831-9146
SMBC Nikko Securities America, Inc.Attention: Securities
Operations277 Park AvenueNew York, NY 10172Telephone:
888-868-6856Email: prospectus@smbcnikko-si.com
Wells Fargo Securities, LLCAttention: WFS Customer Service608
2nd Ave S, Suite 1000Minneapolis, MN 55402Telephone: 800-645-3751
Opt 5Email: wfscustomerservice@wellsfargo.com
ABN AMRO Securities (USA) LLCAttention: Debt Capital Markets100
Park Avenue, 17th FloorNew York, NY 10017Telephone:
917-284-6800Email: us_dcm@abnamro.com
BofA Merrill LynchNC1-004-03-43200 North College Street, 3rd
floorCharlotte, NC 28255-0001Attention: Prospectus DepartmentEmail:
dg.prospectus_requests@baml.com
BMO Capital Markets Corp.3 Times SquareNew York, NY
10036Attention: Syndicate DepartmentTelephone: 212-702-1882
Capital One Securities, Inc.Attention: Capital Markets, Floor
31299 Park AvenueNew York, New York 10171
Deutsche Bank Securities Inc.Attention: Prospectus Group60 Wall
StreetNew York, NY 10005Telephone: 800-503-4611Email:
prospectus.cpdg@db.com
DNB Markets, Inc.200 Park Avenue, 31st floorNew York, NY
10166
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
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
state or 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, 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
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/20171204006155/en/
Genesis Energy, L.P.Bob Deere, 713-860-2516Chief Financial
Officer
Genesis Energy (NYSE:GEL)
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