Baird served as a co-manager on this offering.
AboutGenesis Energy, L.P. (“Genesis Energy” or the “Partnership”) (NYSE: GEL) recently completed a follow-on offering of 4,000,000 common units at a price of $50.71 per unit, generating gross proceeds of approximately $202.8 million. The Partnership intends to use the proceeds from the offering for general partnership purposes, including the temporary repayment of 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, Florida, Wyoming and in the Gulf of Mexico. Genesis Energy has a diverse portfolio of customers, operations and assets, including pipelines, refinery-related plants, railcars, rail loading and unloading facilities, barges and trucks. GEL 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:
- September 2014
- Genesis Energy, L.P.
- Target Location
- North America