Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Genesis Energy, L.P. (NYSE:GEL) ("Genesis") today announced that it has called for redemption the remaining $145,170,000 of the original $350 million aggregate principal amount of its outstanding 5.750% senior notes due 2021 (the "2021 Notes"). Genesis expects the redemption to be completed on February 15, 2018 and holders will receive a redemption price of 101.438% of the principal amount, plus accrued and unpaid interest up to, but not including, the redemption date (subject to the holders of record on February 1, 2018 to receive interest due on the scheduled February 15, 2018 interest payment date). Genesis will utilize a portion of the proceeds from its recently closed public offering of its 6.250% senior notes due 2026 to fund the redemption amount.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Genesis has notified U.S. Bank National Association, trustee under the indenture governing the 2021 Notes, of Genesis' election to redeem the 2021 Notes, and in accordance with the indenture, the holders of the 2021 Notes will receive notice of such redemption, the redemption price and further instructions related to the process of such redemption.
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 related to the redemption of the 2021 notes. Actual results may vary materially. We undertake no obligation to publicly update or revise any forward-looking statement.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180116005551/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.