This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Genesis Energy, L.P. (NYSE: GEL - News) today announced the pricing of an underwritten secondary public offering of 6,000,000 common units representing limited partner interests by Quintana Capital Group II, L.P. and certain of its affiliates and certain other selling unitholders. The offering was priced at $32.15 per common unit. Genesis will not receive any of the proceeds from the common units sold by the selling unitholders and the number of outstanding common units will remain unchanged.
Barclays Capital Inc. is acting as sole book-running manager for the common units offering. The offering is expected to settle and close October 5, 2012, subject to customary closing conditions as well as the closing of a related transaction.
Copies of the final prospectus supplement and accompanying base prospectus relating to this offering, when available, may be obtained by contacting Barclays Capital Inc. by mail at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 888-603-5847, or by e-mail:
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offer is being made only through the prospectus supplement and accompanying base prospectus, each of which is part of our effective shelf registration statement.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include pipeline transportation, refinery services and supply and logistics. The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil and carbon dioxide. The Refinery Services Division primarily processes sour gas streams to remove sulfur at refining operations. The Supply and Logistics Division is engaged in the transportation, storage and supply and marketing of energy products, including crude oil, refined products, and certain industrial gases. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida and the Gulf of Mexico.