Genesis Energy, L.P. Completes Public Offering Of Common Units
Genesis Energy, L.P. (NYSE: GEL) announced today that it has completed its previously announced underwritten public offering of common units. Including the overallotment option, which was exercised in full by the underwriters, the Partnership sold a total of 5,750,000 common units at $30.80 per common unit.
Total net proceeds from the offering, after deducting underwriting discounts and commissions and estimated offering expenses, were approximately $169 million. The Partnership intends to use the net proceeds from the offering for general partnership purposes, including the repayment of outstanding borrowings under its revolving credit facility.
Wells Fargo Securities, BofA Merrill Lynch, Citigroup, RBC Capital Markets and UBS Investment Bank acted as joint book-running managers for the common units offering. Deutsche Bank Securities acted as senior co-manager. Baird, Global Hunter Securities, Morgan Keegan, BMO Capital Markets and Janney Montgomery Scott acted as co-managers.
A copy of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained from the underwriters as follows:
| Wells Fargo Securities |
| Attn: Equity Syndicate Dept. |
| 375 Park Avenue |
| New York, NY 10152 |
| Email: cmclientsupport@wellsfargo.com |
| Telephone: (800) 326-5897 |
| BofA Merrill Lynch |
| 4 World Financial Center |
| New York, NY 10080 |
| Attn: Prospectus Department |
| Email: dg.prospectus_requests@baml.com |
| Citigroup |
| Attn: Prospectus Department |
| Brooklyn Army Terminal |
| 140 58th Street, 8th Floor |
| Brooklyn, NY 11220 |
| Email: BATProspectusdept@citi.com |
| Telephone: (877) 858-5407 |
| RBC Capital Markets |
| Attn: Equity Syndicate |
| Three World Financial Center |
| 200 Vesey Street, 8th Floor |
| New York, NY 10281 |
| Telephone: (877) 822-4089 |
| UBS Investment Bank |
| Attn: Prospectus Department |
| 299 Park Avenue |
| New York, NY 10171 |
| Telephone: (888) 827-7275 |
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