Genesis Energy to repay revolving credit facility via note proceeds

By Tali David

Minneapolis, Feb. 5 - Genesis Energy, LP plans to use the proceeds from its senior note offering to repay outstanding borrowings under its revolving credit facility, the company said in a press release.

It will also use the proceeds for general partnership purposes.

The company plans to co-issue with subsidiary Genesis Energy Finance Corp. $300 million of senior unsecured notes due 2021.

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

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