Genesis Energy LP priced a previously announced public offering of $750 million of 7.75% senior unsecured notes due 2028 at 100% of its principal amount, according to a Jan. 9 news release.
The company plans to use the proceeds to fund the purchase price, accrued and unpaid interest for all of its 6.750% senior unsecured notes due 2022 that are validly tendered and accepted in its concurrent tender offer. The proceeds will also be used to fund the redemption price, accrued and unpaid interest for any 6.750% senior unsecured notes due 2022 that remain outstanding after the completion or termination of the tender offer.
The offering is expected to close Jan. 16, subject to customary closing conditions.
BMO Capital Markets Corp., SMBC Nikko Securities America Inc., Wells Fargo Securities LLC, ABN AMRO Securities (USA) LLC, BBVA Securities Inc., BNP Paribas Securities Corp., BofA Securities, Capital One Securities Inc., Citigroup Global Markets Inc., DNB Markets Inc., Fifth Third Securities Inc., RBC Capital Markets, Regions Securities LLC and Scotia Capital (USA) Inc. acted as joint book-running managers for the offering.