Genesis Energy (GEL) Prices 4.5M Common Unit Offering at $23.58/Unit
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Genesis Energy, L.P. (NYSE: GEL) prices 4.5 million common unit offering at $23.58 per unit.
Proceeds will be used or general partnership purposes, including funding a portion of the purchase price for our previously announced pending acquisition of a 50% equity interest in the Cameron Highway Oil Pipeline Company.
The underwriters have been granted a 30-day option to purchase up to 675,000 additional common units.
Joint book-runners are Wells Fargo Securities, BofA Merrill Lynch, RBC Capital Markets, UBS Investment Bank and Deutsche Bank Securities.
The co-manager is Morgan Keegan & Company.
Proceeds will be used or general partnership purposes, including funding a portion of the purchase price for our previously announced pending acquisition of a 50% equity interest in the Cameron Highway Oil Pipeline Company.
The underwriters have been granted a 30-day option to purchase up to 675,000 additional common units.
Joint book-runners are Wells Fargo Securities, BofA Merrill Lynch, RBC Capital Markets, UBS Investment Bank and Deutsche Bank Securities.
The co-manager is Morgan Keegan & Company.
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