Genesis Energy, L.P. announced its intention to redeem the entire outstanding principal amount of its 8.0% senior notes due 2027. As of March 3, 2025, $406,245,000 in aggregate principal amount of these notes remained outstanding.
The redemption date for these notes is set for April 3, 2025. The notes will be redeemed at a price equal to 102% of the aggregate principal amount, plus accrued and unpaid interest to the redemption date.
This redemption is a key step in Genesis Energy's strategy to simplify its capital structure and reduce its overall cost of capital, utilizing proceeds from the recent Alkali Business sale. On and after the redemption date, interest will cease to accrue on these notes.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.