NYSE:GELOil and Gas
Should Genesis Energy’s Expanded Bond Buyback and New 2034 Debt Require Action From GEL Investors?
Genesis Energy, L.P. recently expanded its previously announced cash tender offer for 7.750% senior notes due 2028, moving from a US$490 million cap to an “any and all” structure, funded by new senior unsecured notes due 2034 and other fixed-income financing completed in February 2026.
This combination of a broadened bond buyback and fresh longer-dated debt issuance highlights an assertive approach to reshaping Genesis Energy’s capital structure and managing upcoming maturities.
We’ll now...