logo
Share SHARE
FONT-SIZE Plus   Neg

Genesis Energy Launches Public Offering Of 5 Mln Units

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Apple has upgraded the data storage option for its online storage service iCloud Drive, now offering 2 terabytes of space for $19.99 a month. The move reportedly indicates a new storage tier for the upcoming iPhone 7, which is set to be launched on September 7, along with the larger iPhone 7 Plus. Shares of Karyopharm Therapeutics Inc. (KPTI) soared over 36% on Tuesday after the company said it will provide an overview of top-line results from its Phase 2b study for oral Selinexor in multiple myeloma, dubbed STORM, on September 6, 2016. Chipotle Mexican Grill (CMG) is giving away free food and drinks this September as the restaurant chain still struggles to boost its sales that has been sluggish after outbreaks of E.coli, salmonella and norovirus at its restaurants. The chain is offering free kids meals every Sunday in September...
comments powered by Disqus
Follow RTT