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 [email protected].
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.
Genesis Energy, L.P.
SVP – Finance and Corporate Development