HOUSTON--()--Genesis Energy, L.P. (NYSE: GEL) and Genesis Energy Finance Corporation (together, the “Issuers”) announced today that they have commenced an exchange offer of up to $100 million aggregate principal amount of their 77/8% Senior Notes due 2018 (the “New Notes”) that have been registered under the Securities Act of 1933, as amended (the “Act”), for an equal amount of their outstanding 77/8% Senior Notes due 2018 issued upon original issue on February 1, 2012 that have not been registered under the Act (the “Old Notes”).
The New Notes will have terms that are identical in all material respects to the terms of the Old Notes, except that the New Notes will be registered under the Act and will not have any of the transfer restrictions, registration rights or additional interest relating to the Old Notes. The Issuers will not receive any proceeds for the exchange offer.
The exchange offer will expire at 5:00 p.m. (New York City time) on November 13, 2012, unless extended. This announcement is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase any securities. The exchange offer is being made solely by the Issuers’ prospectus, dated October 15, 2012, with respect to the exchange offer and the related letter of transmittal. Copies of the prospectus and letter of transmittal may be obtained from U.S. Bank National Association, the exchange agent for the exchange offer, U.S. Bank National Association, Corporate Trust Services, 5555 San Felipe Street, Suite 1150, Houston, TX 77056, Attention: Steven A. Finklea, (713) 235-9208.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include pipeline transportation, refinery services and supply and logistics. The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil and carbon dioxide. The Refinery Services Division primarily processes sour gas streams to remove sulfur at refining operations, principally located in Texas, Louisiana, and Arkansas. The Supply and Logistics Division is engaged in the transportation, storage and supply and marketing of energy products, including crude oil, refined products, and certain industrial gases. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida 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, we can give no assurance that our goals will be achieved. Actual results may vary materially, including if the Issuers do not complete the exchange offer on the terms currently described in the prospectus or at all, as a result of a change in market conditions for corporate debt securities or the unwillingness of note holders to exchange their Old Notes for New Notes having the terms currently proposed. We undertake no obligation to publicly update or revise any forward-looking statement.