Genesis Energy to price $550 million eight-year notes on Monday

By Paul A. Harris

Portland, Ore., Aug. 7 – Genesis Energy, LP and Genesis Energy Finance Corp. plan to price $550 million of eight-year senior notes (expected B1) on Monday trailing a late-morning conference call with investors, according to a syndicate source.

Wells Fargo Securities LLC is the left bookrunner for the public offering. BMO Securities, Deutsche Bank Securities Inc., SMBC Nikko, ABN Amro, BNP Paribas Securities Corp., BofA Merrill Lynch, Capital One, Citigroup Global Markets Inc., RBC Capital Markets LLC, Scotia Capital and DNB Markets are the joint bookrunners.

BBVA, Fifth Third Bank and Regions are the co-managers.

The notes become callable after three years at par plus 75% of the coupon.

The oil and gas master limited partnership plans to use the proceeds, along with a private placement of series A convertible units and a draw on its revolving credit facility, to fund the purchase of 100% of the equity interests in Tronox Alkali Corp.

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