Akin Gump Advises Genesis Energy on Pair of Transactions

(Houston) – Akin Gump advised Genesis Energy, L.P. in two separate transactions announced today.

The first transaction was a $400 million public offering of 6% senior unsecured notes due 2023. Those notes, to be co-issued with subsidiary Genesis Energy Finance Corporation, will be guaranteed by substantially all of the company’s existing and future subsidiaries. That offering is expected to settle on May 21, subject to customary closing conditions.

The second transaction involved the commencement of a tender offer to purchase any and all of Genesis’ $350 million of outstanding 7.875% senior notes due 2018. Any and all such notes not tendered by the holders thereof will be redeemed by Genesis in accordance with the terms of its indenture. That tender offer and redemption are subject to Genesis closing its public notes offering.

The Akin Gump team on each of these transactions was led by counsel Rebecca Tyler and partners Patrick Hurley and Vince Kendrick. They were joined by counsel Freddy Feldman and associates Heather Ashour, Cynthia Angell and Erik Shoemaker. All are corporate and securities lawyers in the firm’s oil and gas practice.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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