Genesis Energy, L.P. Announces Extension of its Revolving Credit Facility and the Opportunistic Repurchase of $110 Million of its Series A Convertible Preferred Units
Genesis Energy, L.P. Common Units (GEL)
Last genesis energy, l.p. common units earnings: 2/19 06:10 am
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced this morning that on March 4, 2026, it successfully syndicated, upsized and closed on an extension of its existing revolving credit facility with a total of $900 million in commitments from its existing lenders with an initial maturity date of March 4, 2031. The upsized facility includes enhanced covenant flexibility and an expanded permitted investment basket which will provide Genesis with an increased ability to potentially purchase existing private or public securities across the capital structure that management might then perceive to be a high-valued use of capital.Additionally, Genesis announced that on March 6, 2026, it completed the opportunistic repurchase of approximately $110 million of its Series A convertible preferred units at 102% of par, using cash on hand and availability under its newly expanded revolving credit facility. This opportunistic repurchase, along with the successful refinancing of i
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GEL
Sec Filings
- 3/9/26 - Form 8-K
- 3/4/26 - Form 8-K
- 2/24/26 - Form 8-K
- GEL's page on the SEC website