Genesis Energy, L.P. Announces Increase to Previously Announced Tender Offer for its 7.750% Senior Notes due 2028
Genesis EnergyGenesis Energy(US:GEL) Businesswire·2026-02-19 01:49

Core Viewpoint - Genesis Energy, L.P. has increased its cash tender offer for its 7.750% Senior Notes due 2028 from a maximum of $490 million to any and all of the Notes, allowing for the purchase of all tendered Notes without proration [1] Group 1: Tender Offer Details - The maximum aggregate principal amount of Notes accepted for purchase has been increased to any and all of the Notes, eliminating the previous limit [1] - Notes tendered by the Early Tender Deadline will receive a purchase price of $1,001.25 per $1,000 principal amount, including an early tender payment of $30.00 [1] - Notes tendered after the Early Tender Deadline but before the Expiration Time will receive a purchase price of $971.25 per $1,000 principal amount [1] Group 2: Timeline and Conditions - The Early Tender Deadline is set for 5:00 p.m. on March 3, 2026, with settlement expected on March 5, 2026 [1] - The Expiration Time for the tender offer is 5:00 p.m. on March 18, 2026, with settlement expected on March 20, 2026 [1] - The tender offer is contingent upon the receipt of net proceeds from one or more offerings of senior notes sufficient to fund the purchase of all Notes accepted [1] Group 3: Redemption Plans - The company intends to call for redemption any outstanding Notes following the completion or termination of the tender offer [1] - The company reserves the right to purchase or redeem any remaining outstanding Notes at its discretion [1] Group 4: Company Overview - Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas, with operations primarily in the Gulf Coast region of the United States [2]

Genesis Energy, L.P. Announces Increase to Previously Announced Tender Offer for its 7.750% Senior Notes due 2028 - Reportify