Genesis Energy Announces $500M Senior Notes Offering

Midstream partnership plans to use proceeds to retire 2028 notes and pay down credit facility

Published on Feb. 21, 2026

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Genesis Energy, L.P., a diversified midstream energy master limited partnership headquartered in Houston, Texas, has announced the commencement of a registered, underwritten public offering of $500 million in aggregate principal amount of senior notes due 2034. The company plans to use the net proceeds to purchase or redeem up to $490 million of its outstanding 7.75% senior notes due 2028 and for general partnership purposes, including repaying a portion of the revolving borrowings outstanding under its senior secured credit facility.

Why it matters

This offering allows Genesis Energy to refinance a portion of its existing debt at a lower interest rate, which should improve its financial flexibility and reduce its interest expense going forward. The move also demonstrates the company's ability to access the capital markets to manage its balance sheet and fund its operations.

The details

Genesis Energy's new $500 million senior notes will be co-issued with its subsidiary, Genesis Energy Finance Corporation, and initially guaranteed by all of its subsidiaries, excluding unrestricted subsidiaries. BofA Securities is leading the offering, with several joint book-running managers and co-managers. The company plans to use the net proceeds to purchase or redeem up to $490 million of its outstanding 7.75% senior notes due 2028 and for general partnership purposes, including repaying a portion of the revolving borrowings under its senior secured credit facility.

  • Genesis Energy announced the offering on February 18, 2026.

The players

Genesis Energy, L.P.

A diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis' operations include offshore pipeline transportation, marine transportation and onshore transportation and services, primarily located in the Gulf Coast region of the United States and the Gulf of America.

Genesis Energy Finance Corporation

A subsidiary of Genesis Energy, L.P. that will co-issue the new $500 million senior notes.

BofA Securities

The lead underwriter for Genesis Energy's $500 million senior notes offering.

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What’s next

Genesis Energy plans to use the net proceeds from the offering to purchase or redeem up to $490 million of its outstanding 7.75% senior notes due 2028 and for general partnership purposes, including repaying a portion of the revolving borrowings under its senior secured credit facility.

The takeaway

This debt refinancing transaction allows Genesis Energy to manage its balance sheet and reduce its interest expense, demonstrating the company's financial flexibility and access to capital markets to support its midstream energy operations.