Follow-On Offering

Energy
Follow-On Offering

Summary

Baird served as a co-manager on this offering

About

Genesis Energy, L.P. (“Genesis Energy" or the “Partnership”) (NYSE:GEL) recently completed a follow-on offering of 5,750,000 common units of its limited partnership interests at a price of $47.51 per unit. The offering generated $273.2 million of gross proceeds. The Partnership intends to use the net proceeds from the offering for general partnership purposes, including the repayment of outstanding borrowings under the Partnership’s revolving credit facility.

Genesis Energy is a growth-oriented master limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States, primarily Texas, Louisiana, Arkansas, Mississippi, Alabama and Florida, and in the Gulf of Mexico. Genesis Energy has a diverse portfolio of customers, operations and assets, including pipelines, refinery-related plants, storage tanks and terminals, barges and trucks. The Partnership provides an integrated suite of services to oil producers, refineries, and industrial and commercial enterprises that use NaHS and caustic soda. Genesis Energy is headquartered in Houston, Texas.

For additional information about this transaction, please contact:

Frank Murphy (314) 445-6532
Curtis Goot (314) 445-6540
Kjell Lundal (314) 445-6533
Gary Placek (414) 765-3611
Energy
Follow-On Offering
Date
September 2013
Company
Genesis Energy, L.P.
Transaction
M&A
Sectors
Energy
Target Location
North America

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