Key Developments: Genesis Energy LP (GEL)

GEL on New York Consolidated

55.32USD
22 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Genesis Energy increases quarterly distribution
Thursday, 10 Jul 2014 07:28am EDT 

Genesis Energy LP:Declares regular quarterly distribution of $0.565 per Common Unit for the quarter ended June 30.Payable on Aug. 14 to Common Unitholders of record at the close of business on Aug. 1.  Full Article

Genesis Energy LP upsizes and prices an offering of senior notes
Monday, 12 May 2014 08:23pm EDT 

Genesis Energy LP:Says that it has priced at par a public offering of $350,000,000 in aggregate principal amount of 5 5/8 pct. senior unsecured notes due 2024.The offering was upsized from the previously announced $300,000,000 in aggregate principal amount of notes.The notes will be co issued with the subsidiary, Genesis Energy Finance Corporation, and will be guaranteed, with certain exceptions, by substantially all of company's existing and future subsidiaries.The offering of the notes is expected to settle on May 15.The company intend to use net proceeds from the notes offering to repay borrowings under revolving credit facility and for general partnership purposes.  Full Article

Genesis Energy LP announces public offering of senior notes
Monday, 12 May 2014 07:53am EDT 

Genesis Energy LP:Commencement of public offering of $300,000,000 in aggregate principal amount of senior unsecured notes due 2024.Notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and will be guaranteed, with certain exceptions, by substantially all of existing and future subsidiaries.Intend to use net proceeds to repay outstanding borrowings under our revolving credit facility and for general partnership purposes.  Full Article

Genesis Energy LP's president and chief operating officer to resign -Form 8-K
Monday, 14 Apr 2014 12:00pm EDT 

Genesis Energy LP:Steven R. Nathanson, president and chief operating officer, will resign those positions effective April 30.To spend additional time with his family and church and with community affairs in Louisiana and Mississippi.On April 11, Nathanson and general partner entered into transition, separation and general release agreement.pursuant to which Nathanson will provide certain advisory services over the next three years to ensure smooth transition and efficient completion of several projects.  Full Article

Genesis Energy LP increases quarterly distribution
Wednesday, 9 Apr 2014 08:00am EDT 

Genesis Energy LP:To pay quarterly distribution of $0.55 per unit for quarter ended March 31, 2014.Payment on May 15, 2014.Record date May 1, 2014.  Full Article

Genesis Energy LP increases quarterly distribution
Friday, 10 Jan 2014 07:00am EST 

Genesis Energy LP:Says it will pay a regular quarterly distribution of $0.535 per common unit for the quarter ended Dec 31, 2013.Says the distribution is to be paid on Feb 14 to common unitholders of record at the close of business on Jan 31.  Full Article

Genesis Energy LP Increases Quarterly Distribution
Wednesday, 9 Oct 2013 07:30am EDT 

Genesis Energy LP announced that it will pay a regular quarterly distribution of $0.5225 per Common Unit for the quarter ended September 30, 2013. The distribution will be paid on November 14, 2013, to Common Unitholders of record at the close of business on November 1, 2013. This distribution represents an increase of approximately 10.6% over the third quarter 2012 quarterly distribution of $0.4725 per unit, and an approximate 2.5% increase over the distribution paid with respect to the second quarter of 2013.  Full Article

Genesis Energy LP Completes Public Offering of Common Units
Monday, 16 Sep 2013 04:15pm EDT 

Genesis Energy LP announced that it has completed its previously announced underwritten public offering of common units. Including the overallotment option, which was exercised in full by the underwriters, the Partnership sold a total of 5,750,000 common units at $47.51 per common unit. Total net proceeds from the offering, after deducting underwriting discounts and commissions and estimated offering expenses, were approximately $263 million. The Partnership intends to use the net proceeds from the offering for general partnership purposes, including the repayment of outstanding borrowings under its revolving credit facility.  Full Article

Genesis Energy LP Upsizes And Prices Public Offering of Common Units
Wednesday, 11 Sep 2013 08:15am EDT 

Genesis Energy, L.P. announced that the pricing of a registered underwritten public offering of 5,000,000 common units representing limited partner interests at $47.51 per common unit. The offering was upsized from the previously announced 4,500,000 common units. The underwriters have been granted a 30-day option to purchase up to 750,000 additional common units from us. We expect to use the net proceeds from the offering for general partnership purposes, including the repayment of outstanding borrowings under our revolving credit facility.  Full Article

Genesis Energy LP Announces Public Offering of Common Units
Tuesday, 10 Sep 2013 04:11pm EDT 

Genesis Energy LP announced the commencement of a registered underwritten public offering of 4,500,000 common units representing limited partner interests. The underwriters are expected to be granted a 30-day option to purchase up to 675,000 additional common units from the Company. The Company expect to use the net proceeds from the offering for general partnership purposes, including the repayment of outstanding borrowings under revolving credit facility. Wells Fargo Securities, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, RBC Capital Markets and BMO Capital Markets are acting as joint book-running managers for the common units offering. Baird, Raymond James and Janney Montgomery Scott are acting as co-managers.  Full Article

NZ's Contact Energy says to buy gas from Genesis

WELLINGTON, June 25 - New Zealand's largest listed power company Contact Energy on Wednesday said it had entered an agreement with Genesis Energy to buy gas from January 2015.

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