Genesis Energy, L.P. Announces the Expiration of Its Tender Offer for Any & All of Aggregate Principal Amount of Its 6.750% S...
January 15 2020 - 6:52PM
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 6.750% senior
unsecured notes due 2022 that we co-issued with our subsidiary,
Genesis Energy Finance Corporation (the “Notes”) expired at
5:00 p.m., New York City time, on January 15, 2020 (the
“Expiration Time”). As of the Expiration Time, $527,925,000
aggregate principal amount of the outstanding Notes (70.39%) were
validly tendered, which excludes $3,303,000 aggregate principal
amount of the outstanding Notes that remain subject to guaranteed
delivery procedures. The settlement date for the Notes is expected
to be January 16, 2019.
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, BMO Capital Markets by telephone at (833)
418-0762 (U.S. toll-free) or (212) 702-1840, or the information
agent and tender agent, D. F. King & Co., Inc., by telephone at
(877) 536-1556 (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: Andrew Beck, 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, 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: https://www.businesswire.com/news/home/20200115005902/en/
Genesis Energy, L.P. Ryan Sims SVP - Finance and Corporate
Development (713) 860-2521
Genesis Energy (NYSE:GEL)
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