Genesis Energy, L.P. Prices Public Offering of 5M Common Units at $30.80
Genesis Energy, L.P. (NYSE: GEL) today announced the pricing of a registered underwritten public offering of 5,000,000 common units representing limited partner interests. The offering was priced at $30.80 per common unit. The underwriters have been granted a 30-day option to purchase up to 750,000 additional common units from us. We expect to use the net proceeds from the offering for general partnership purposes, including the repayment of outstanding borrowings under our revolving credit facility.
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