Genesis Energy, Genesis Energy Finance Commences Exchange Offer for Senior Notes Due 2021

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Genesis Energy, L.P. ( GEL ) and Genesis Energy Finance Corporation have commenced an exchange offer of up to $350 million aggregate principal amount of their 5 3/4% Senior Notes due 2021 for an equal amount of their outstanding 5 3/4% Senior Notes due 2021 issued upon original issue on February 8, 2013.

The new notes will have the same terms as the terms of the old notes, except that the new notes will be registered under the Securities Act of 1933 and will not have any of the transfer restrictions, registration rights or provisions for additional interest relating to the old notes. The issuers will not receive any proceeds for the exchange offer.

Shares are up 1.65% to $51.71, within a 52-week range of $27.65 - $54.91.



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This article appears in: Investing , Commodities

Referenced Stocks: GEL

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