Genesis Energy Expands Credit Facility and Extends Maturity by Two Years

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Genesis Energy, L.P.
GEL
announced today that it has amended its secured revolving credit facility to increase the lending commitment from $775 million to $1 billion. The facility contains an accordion feature whereby the total credit available can be increased by an additional $300 million. The maturity of the facility was also extended two years to July 2017. The partnership added four new banks to its existing syndicate of banks resulting in seventeen lenders participating in the facility.
Posted In: NewsFinancing
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