10:22 AM EDT, 07/23/2024 (MT Newswires) -- Genesis Energy (GEL) said Tuesday that it successfully syndicated, upsized and closed on an extension of its current revolving credit facility on Friday, with $900 million in commitments from existing and new lenders.

The new facility has an initial maturity date of September 1, 2028, and maintains similar covenants as the previous one but offers expanded investment flexibility for capital allocation, the company said.

Genesis Energy shares were down 0.4% in recent trading.

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