Genesis Energy starts tender offer for 7 7/8% senior notes due 2018

New York, May 14 – Genesis Energy, LP said it has begun a cash tender offer for its $350 million of 7 7/8% senior notes due 2018.

The notes were jointly issued by Genesis and its Genesis Energy Finance Corp. subsidiary.

Genesis is offering $1,044.00 per $1,000 principal amount of notes plus accrued interest up to but excluding the settlement date.

The tender ends at 5 p.m. ET on May 20.

Completion of the offer is subject to conditions, including a debt financing transaction that raises enough funds to pay for tendered notes. Genesis announced a $400 million note offering on May 14.

Deutsche Bank Securities Inc. (212 250-7527 or 855 287-1922) is dealer manager. D.F. King & Co., Inc. (877 864-5057, banks and brokers call 212 269-5550) is information agent and tender agent.

Genesis Energy is a Houston-based midstream energy master limited partnership with operations in onshore and offshore pipeline transportation, refinery services, marine transportation and supply and logistics.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.