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Genesis Energy Prices Upsized $750 Million Debt Offering

BY MT Newswires | CORPORATE | 02/19/26 04:14 AM EST

04:14 AM EST, 02/19/2026 (MT Newswires) -- Genesis Energy (GEL) said late Wednesday it priced a public offering of $750 million of 6.75% senior notes due 2034 at 100% of their principal amount, upsized from a previously planned $500 million.

The company expects the offering to close March 4 and plans to use the net proceeds for the purchase or redemption of any and all of the outstanding total principal amount of its 7.75% senior notes due 2028, and for general corporate purposes.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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