Genesis Energy, L.P. Announces Public Offering of Senior Notes

HOUSTON--()--Genesis Energy, L.P. (NYSE: GEL) today announced the commencement of a registered, underwritten public offering of $450,000,000 in aggregate principal amount of senior unsecured notes due 2026. The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and will be guaranteed, with certain exceptions, by substantially all of our existing and future subsidiaries. We intend to use a portion of the net proceeds from the offering to fund the purchase price and accrued and unpaid interest for all of our 5.750% senior unsecured notes due 2021 that are validly tendered and accepted for payment in our concurrent tender offer and the redemption price and accrued and unpaid interest for any 5.750% senior unsecured notes due 2021 that remain outstanding after the completion or termination of our concurrent tender offer and for general partnership purposes, including repaying a portion of the borrowings outstanding under our revolving credit facility.

Citigroup Global Markets Inc., SMBC Nikko Securities America, Inc., Wells Fargo Securities, LLC, ABN AMRO Securities (USA) LLC, BofA Merrill Lynch, BMO Capital Markets Corp., Capital One Securities, Inc., Deutsche Bank Securities Inc., DNB Markets, Inc., RBC Capital Markets, LLC and Scotia Capital (USA) Inc. are acting as joint book-running managers for the offering. A copy of the preliminary prospectus supplement and accompanying base prospectus relating to this offering, when available, may be obtained from the underwriters as follows:

Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Phone: 1-800-831-9146

SMBC Nikko Securities America, Inc.
Attention: Securities Operations
277 Park Avenue
New York, NY 10172
Telephone: 888-868-6856
Email: prospectus@smbcnikko-si.com

Wells Fargo Securities, LLC
Attention: WFS Customer Service
608 2nd Ave S, Suite 1000
Minneapolis, MN 55402
Telephone: (800) 645-3751 Opt 5
Email: wfscustomerservice@wellsfargo.com

ABN AMRO Securities (USA) LLC
Attention: Debt Capital Markets
100 Park Avenue, 17th Floor
New York, NY 10017
Telephone: 917-284-6800
Email: us_dcm@abnamro.com

BofA Merrill Lynch
NC1-004-03-43
200 North College Street, 3rd floor
Charlotte NC 28255-0001
Attention: Prospectus Department
Email: dg.prospectus_requests@baml.com

BMO Capital Markets Corp.
3 Times Square
New York, NY 10036
Attention: Syndicate Department
Telephone: (212) 702-1882

Capital One Securities, Inc.
Attention: Capital Markets, Floor 31
299 Park Avenue
New York, New York 10171

Deutsche Bank Securities Inc.
Attention: Prospectus Group
60 Wall Street
New York, NY 10005
Telephone: (800) 503-4611
Email: prospectus.cpdg@db.com

DNB Markets, Inc.
200 Park Avenue, 31st floor
New York, NY 10166

RBC Capital Markets, LLC
Three World Financial Center, 200 Vesey Street, 8th floor
New York, NY 10281
Telephone: 1-877-822-8098

Scotia Capital (USA) Inc.
250 Vesey Street
New York, NY 10281
Attention: Debt Capital Markets
Telephone: 1-800-372-3930

You may also obtain these documents for free, when they are available, by visiting the SEC’s website at www.sec.gov.

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 state or 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 on Form S-3 previously filed with the Securities and Exchange Commission.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, marine transportation and onshore facilities and transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.

This press release includes forward-looking statements as defined under federal law. Although we believe that our expectations are based upon reasonable assumptions, no assurance can be given that our goals will be achieved, including statements regarding our ability to successfully close the offering and to use the net proceeds as indicated above. Actual results may vary materially. We undertake no obligation to publicly update or revise any forward-looking statement.

Contacts

Genesis Energy, L.P.
Bob Deere, 713-860-2516
Chief Financial Officer

Contacts

Genesis Energy, L.P.
Bob Deere, 713-860-2516
Chief Financial Officer