Genesis Energy LP (GEL) Friday reported setting a price of $30.80 per unit for its 5 million unit underwritten offering, which may close on March 28, 2012. The proceeds from the offering may be used for such general partnership purposes as repaying debt under the company's revolving credit facility.
Further, underwriters may optionally purchase an additional 750 thousand units with a 30-day period. The joint book-running managers are Wells Fargo Securities, BofA Merrill Lynch, Citigroup, RBC Capital Markets and UBS Investment Bank, while Deutsche Bank Securities is the senior co-manager. Baird, Global Hunter Securities, BMO Capital Markets, Janney Montgomery Scott and Morgan Keegan are the co-managers.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.