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Genesis Energy, L.P. Announces Early Results and Initial Settlement Date for Tender Offer for Any and All of Its 7.750% Senior Notes Due 2028

  • Genesis Energy, L.P. announced receipt of tenders totaling $415,942,000 in aggregate principal amount for its 7.750% senior notes due 2028.
  • The early tender deadline was 5:00 p.m. New York City time on March 3, 2026, with the initial settlement date set for March 5, 2026.
  • The tender offer will expire at 5:00 p.m. New York City time on March 18, 2026, unless extended or terminated earlier.
  • Total outstanding notes subject to the offer were $679,360,000 when the tender was announced.
  • Notes tendered after the early deadline but before expiration will receive a consideration equal to the total consideration minus the early tender payment.
  • The final settlement date for notes tendered after the early deadline is expected to be March 20, 2026.
  • Holders of notes accepted on the final settlement date will receive accrued interest from the most recent payment date up to but not including March 20, 2026.
  • BofA Securities, Inc. serves as the Dealer Manager, while D.F. King & Co., Inc. acts as the Tender Agent.
  • Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas.