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Genesis Energy launches $350M tender offer

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Genesis Energy launches $350M tender offer

Genesis Energy LP launched a cash tender offer to purchase any of the outstanding $350 million of the 5.75% senior unsecured notes due 2021 co-issued with subsidiary Genesis Energy Finance Corp., according to a Dec. 4 SEC filing.

Holders of validly tendered and accepted notes on or before the offer's expiration at 5 p.m. ET on Dec. 8 will receive $1,021.25 per $1,000 of notes, plus unpaid interest that accrued before the settlement date.

The tender offer is contingent on the completion of one or more of Genesis Energy's debt financing transactions, including possible debt security offerings, in an amount that would be sufficient to fund the tender offer.