Genesis Energy Increases Tender Offer for 8% Senior Notes Due 2027 to $575 Million-February 2024-www.financetom.com

Genesis Energy Increases Tender Offer for 8% Senior Notes Due 2027 to $575 Million

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Genesis Energy Increases Tender Offer for 8% Senior Notes Due 2027 to $575 Million

Dec 6, 2024 2:19 AM

04:51 AM EST, 12/06/2024 (MT Newswires) -- Genesis Energy (GEL) said late Thursday that it increased the amount of notes it would purchase on its cash tender offer for its 8% senior notes due 2027 to $575 million from $385 million.

The company said the holders who tender notes by the early tender deadline of Dec. 18 are eligible for a purchase price of $1,021.90 per $1,000 principal, including a $30 early tender premium.

It added notes tendered after the early tender deadline but before the expiration time of Jan. 6, 2025, will receive $991.90 per $1,000 principal.

Settlement dates are Dec. 20, 2024, for early tenders and Jan. 8, 2025, for late tenders, the company said.

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