An update from Genesis Energy LP (GEL) is now available.
Genesis Energy, L.P. and Genesis Energy Finance Corporation, along with subsidiary guarantors, have successfully closed a public offering of senior notes, securing $700 million through the issuance of 7.875% senior unsecured notes due in 2032. The net proceeds, roughly $687.8 million after expenses, will be used to redeem existing notes and for general corporate purposes, highlighting Genesis’s strategic financial management. The offering, underwritten by RBC Capital Markets and others, demonstrates investor confidence and aligns with Genesis’s long-term financial goals.
For a thorough assessment of GEL stock, go to TipRanks’ Stock Analysis page.
