04/27/2021 | Press release | Distributed by Public on 04/27/2021 13:38
(Houston) - Genesis Energy, L.P. announced the pricing of a registered, underwritten public offering of $250 million in aggregate principal amount of 8.0% senior unsecured notes due 2027. A team from Akin Gump advised Genesis in the offering, which was upsized from the previously announced $200 million in aggregate principal amount of the notes.
Genesis intends to use the net proceeds from the offering for general partnership purposes, including repaying a portion of the revolving borrowings outstanding under its credit facility. The offering of the notes closed on April 22, 2021.
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The Akin Gump team advising Genesis comprised corporate partners Patrick Hurley, Chris Centrich, Chip Cowell and Eric Muñoz and associates Allyson Li, Alex France, Katherine Raymond and Mike Willey. Partners Alison Chen and Jocelyn Tau provided tax advice, while senior counsel Michael Gerald worked on benefits aspects of the deal.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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