Genesis lifts revolving commitments in connection with acquisition

By Marisa Wong

Madison, Wis., July 22 – Genesis Energy, LP entered into a second amendment to its fourth amended and restated credit agreement and joinder agreement with Wells Fargo Bank, NA as administrative agent and issuing bank, Bank of America, NA and Bank of Montreal as co-syndication agents and U.S. Bank NA as documentation agent, according to an 8-K filing with the Securities and Exchange Commission.

The amendment, among other things, provides for an increase in the committed amount under Genesis’ revolving credit facility to $1.5 billion from $1 billion, effective upon the closing of the company’s acquisition of Enterprise Products Operating LLC’s offshore pipelines and services business.

The revolver was also amended to include some technical amendments related to the acquisition.

The energy company is based in Houston.

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