Genesis Energy amends revolver, lifting size and extending maturity

By Sara Rosenberg

New York, July 25 - Genesis Energy LP amended its secured revolving credit facility, increasing the size to $1 billion from $775 million and extending the maturity by two years to July 2017, according to a news release.

With the upsizing, four new banks were added to the syndicate.

There is a $300 million accordion feature.

"The increased committed capacity from our expanded syndicate of banks will provide Genesis with the financial flexibility to continue to build long-term value from organic opportunities as well as strategic acquisitions," Grant Sims, chief executive officer, said in the release.

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

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