Genesis to start roadshow Monday for $200 million eight-year notes

By Paul A. Harris

St. Louis, Nov. 5 - Genesis Energy, LP plans to start a roadshow on Monday for its $200 million offering of eight-year senior notes (expected ratings B3/B+), according to an informed source.

The roadshow wraps up on Nov. 12, and the notes are expected to price thereafter.

Bank of America Merrill Lynch, BMO Nesbitt Burns, BNP Paribas Securities Corp., Deutsche Bank Securities Inc. and RBC Capital Markets Corp. are the joint bookrunners for the Rule 144A with registration rights offering.

US Bancorp is the co-manager.

The notes come with four years of call protection and a 101% poison put.

Proceeds, together with proceeds from an equity offering, will be used to fund a portion of the approximately $330 million purchase price and related transaction costs for the pending acquisition of a 50% equity interest in the Cameron Highway Oil Pipeline Co.

Genesis Energy is a Houston-based diversified midstream energy master limited partnership.

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