Genesis Energy (GEL) Prices 2.25M Secondary Offering at $27.79/Unit
Up)
Genesis Energy, L.P. (NYSE: GEL) announced the pricing of an underwritten secondary public offering of 2,250,000 common units representing limited partner interests by certain of its unitholders, including affiliates of Quintana Capital Group II, L.P., EIV Capital Fund LP and certain members of the Davison family. The offering was priced at $27.79 per common unit. The underwriters have been granted a 30-day option to purchase up to 337,500 additional common units from the selling unitholders. Genesis will not receive any of the proceeds from the common units sold by the selling unitholders and the number of outstanding common units will remain unchanged.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- American Capital Mortgage (MTGE) Prices 11M Offering; Sees Gross Proceeds of $253M
- Delphi Automotive (DLPH) in Talks with FCI to Buy Motorized Vehicles Unit
- A123 Systems (AONE) Amends Purchase Agreement, Will File 49.6M Common Shelf for Underlying Notes
Create E-mail Alert Related Categories
Corporate News, Equity OfferingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
