New Issue-Genesis Energy sells $250 mln in notes

Nov 12 (BestGrowthStock) – Genesis Energy LP (GEL.N: ) and Genesis
Energy Finance on Friday sold $250 million of senior notes in
the 144a private placement market, said IFR, a Thomson Reuters
service.

The size of the deal was increased from an originally
planned $200 million.

Bank of America Merrill Lynch, BMO Capital Markets, BNP
Paribas, Deutsche Bank and RBC were the joint bookrunning
managers for the sale.
BORROWER: GENESIS ENERGY LP/FINANCE CORP
AMT $250 MLN COUPON 7.875 PCT MATURITY 12/15/2018
TYPE SR NTS ISS PRICE 100 FIRST PAY 6/15/2011
MOODY’S B3 YIELD 7.875 PCT SETTLEMENT 11/18/2010
S&P B-PLUS SPREAD 565 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YRS*
*MAKE-WHOLE CALL 50 BPS

New Issue-Genesis Energy sells $250 mln in notes