Genesis Energy begins tender offer on 6% senior notes due 2023

By Taylor Fox

New York, Dec. 10 – Genesis Energy, LP and its subsidiary Genesis Energy Finance Corp. commenced a cash tender offer to purchase any and all of their $389,642,000 outstanding 6% senior notes due 2023, according to an 8-K filing with the Securities and Exchange Commission.

Holders of notes validly tendered and accepted at or prior to the expiration time will receive in cash the total consideration of $1,018.40 per $1,000 of notes, plus any accrued and unpaid interest up to but not including the settlement date.

The tender offer is contingent upon Genesis’s successful completion of one or more debt financing transactions, including potential debt securities offerings, in an amount sufficient to fund the purchase of validly tendered notes accepted for purchase in the tender offer and to pay all fees and expenses associated with that financing and the tender offer.

The tender offer is not conditioned on any minimum amount of notes being tendered.

The offer will expire at 5 p.m. ET Dec. 16.

Settlement is expected on Dec. 17.

D.F. King & Co., Inc. (877 283-0325, 212 269-5550; genesis@dfking.com) is the tender agent and information agent.

RBC Capital Markets, LLC (877 371-2099, 212 618-7843) is the dealer manager.

Genesis is an oil and gas master limited partnership based in Houston.

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