Genesis Energy Announces Revolving Credit Facility Extension and Preferred Unit Repurchase

Genesis Energy has successfully syndicated and upsized its revolving credit facility to $900 million, with an initial maturity date of March 4, 2031. The company also repurchased approximately $110 million of its Series A convertible preferred units at 102% of par using cash on hand and credit facility availability. The refinancing is expected to reduce the company's cash costs by approximately $12 million per year.