Genesis Energy, L.P. (GEL) said Thursday that it has commenced a registered underwritten public offering of 5 million common units representing limited partner interests.
The underwriters are expected to be granted a 30-day option to purchase up to 750,000 additional common units from us.
The company said it expects 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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.