Akin Gump Strauss Hauer & Feld LLP

01/13/2020 | Press release | Distributed by Public on 01/14/2020 14:03

Akin Gump Advises Genesis Energy in Offerings Totaling $1.5 Billion

(Houston) - Genesis Energy, L.P. has announced that it has priced a public offering of $750 million in aggregate principal amount of 7.750% senior unsecured notes due 2028. The price to investors will be 100% of the principal amount of the notes. The offering of the notes is expected to settle and close on January 16, subject to customary closing conditions. A team from Akin Gump advised Genesis in the transaction.

Separately, Akin Gump advised Genesis in a concurrent cash tender offer for $750 million of its 6.750% senior unsecured notes due 2022.

To read more about the offerings, please click here.

The Akin Gump team advising Genesis on both transactions was led by partners Chris Centrich and Patrick Hurley. They were joined by partners Chip Cowell and Eric Muñoz and associates Jacob Johnson, Jiha Ko, Travis Earp and Allyson Li. Partners Alison Chen and Joceyln Tau provided tax advice, while senior counsel Michael Gerald worked on benefits aspects of the deal.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 1,000 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East.

# # #