Bought Deal

Energy
Bought Deal

Summary

Baird served as a joint book-running manager on this offering

About

Baird recently served as a joint book-running manager in a 4,600,000 unit bought deal of Genesis Energy, L.P. (“Genesis”) (NYSE:GEL) common units at a price of $31.00 per unit, which generated gross proceeds of approximately $142.6 million. Genesis intends to use the proceeds from the offering for general partnership purposes, including funding acquisitions and organic growth projects or repaying a portion of outstanding revolver borrowings.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership. Genesis’ operations include offshore pipeline transportation, refinery services, marine transportation and supply and logistics. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida, Wyoming and the Gulf of Mexico. Genesis is headquartered in Houston, Texas.
CONTACT US TO LEARN MORE
Energy
Bought Deal
Date
March 2017
Company
Genesis Energy, L.P.
Transaction
M&A
Sectors
Energy
Target Location
North America

Share