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.
For comments and feedback contact: editorial@rttnews.com
Business News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.