Genesis Energy, L.P. and Genesis Energy Finance Corporation closed a $750 million offering of 6.750% senior notes due 2034 on March 4, 2026, guaranteed by certain subsidiaries. Net proceeds will be used to redeem all outstanding 7.75% senior notes due 2028 and for general partnership purposes including repaying revolving borrowings under the senior secured credit facility.
Key takeaways
Closed $750 million 6.750% senior notes due May 15, 2034 on March 4, 2026
Entered Underwriting Agreement on February 18, 2026 with BofA Securities, Inc.
Notes issued under Base Indenture dated May 21, 2015, supplemented by Twenty-Fourth Supplemental Indenture dated March 4, 2026
Regions Bank as trustee; interest payable semi-annually starting September 15, 2026
Proceeds to redeem all 7.75% senior notes due 2028 and repay credit facility borrowings
Guaranteed by numerous subsidiary guarantors including AP Marine, LLC and others