August 3, 2017 / 2:13 AM / in a year

BRIEF-Genesis Energy says to buy Tronox Ltd's alkali business for about $1.3 bln

* Genesis energy L.P. enters into agreement to acquire Tronox Limited’s alkali business

* Genesis Energy - deal value for about $1.3 billion

* Genesis energy - announced it is acquiring all of Tronox’s trona and trona-based exploring, mining, processing, producing, marketing and selling business

* Received binding commitments for purchase of approximately $750 million of 8.75 percent class a convertible preferred units

* Genesis Energy - KKR and GSO will acquire approximately 22.2 million units at a price of $33.71 per unit

* Genesis Energy- received binding commitments from investment vehicles affiliated with KKR Global Infrastructure Investors II and GSO Capital Partners

* Genesis Energy - stock purchase agreement with unit of tronox to buy all of trona-based exploring, mining, processing, producing, selling business Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below