Genesis Energy launches tender offer for 5 5/8% notes due 2024

By Marisa Wong

Los Angeles, Jan. 18 – Genesis Energy, LP announced it has begun a cash tender offer to purchase any and all of its $341,135,000 outstanding 5 5/8% senior notes due 2024 co-issued with subsidiary Genesis Energy Finance Corp., according to a press release.

The company is offering a consideration of $1,001.70 per $1,000 principal amount, along with accrued interest to but excluding the settlement date.

The tender offer will expire at 5 p.m. ET on Jan. 24. Tenders may be withdrawn up until that deadline.

Settlement is expected to occur on Jan. 25.

The tender offer is contingent upon, among other things, successful completion of one or more debt financing transactions, including potential debt securities offerings, in an amount sufficient to fund the purchase of tendered notes accepted for purchase in the tender offer.

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

The dealer manager for the tender offer is Wells Fargo Securities, LLC (866 309-6316 or 704 410-4756).

D.F. King & Co., Inc. (800 578-5378 or, for banks and brokers only, 212 269-5550) is the information agent and tender agent.

Genesis is a diversified midstream energy master limited partnership based in Houston.

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