Genesis Energy Increases Tender Offer for Senior Notes

The energy company boosts its buyback of 7.750% senior notes due in 2027.

Published on Feb. 23, 2026

Got story updates? Submit your updates here. ›

Genesis Energy, L.P., a Houston-based energy company, has announced an increase to its previously announced tender offer for its 7.750% Senior Notes due 2027. The company is now offering to purchase up to $500 million in aggregate principal amount of the notes, up from the initial $350 million.

Why it matters

The move reflects Genesis Energy's efforts to manage its debt and capital structure, which is important for the company's financial health and ability to invest in its operations. Tender offers allow companies to repurchase outstanding debt at a discount, potentially lowering their interest expenses.

The details

Genesis Energy is offering to pay holders of the 7.750% Senior Notes a purchase price of 102.000% of the principal amount of the notes, plus accrued and unpaid interest up to, but not including, the settlement date. The tender offer is scheduled to expire on March 3, 2026, unless extended or earlier terminated by the company.

  • The initial tender offer was announced on February 18, 2026.
  • The increased tender offer is set to expire on March 3, 2026, unless extended.

The players

Genesis Energy, L.P.

A Houston-based energy company that operates in the Gulf Coast region, focusing on the offshore Gulf of Mexico, onshore Louisiana, and the Gulf Coast states.

Got photos? Submit your photos here. ›

What’s next

The company will need to secure the necessary funds to complete the tender offer and determine the final amount of notes that will be repurchased.

The takeaway

Genesis Energy's decision to increase the size of its tender offer for senior notes reflects its ongoing efforts to optimize its capital structure and manage its debt obligations, which is crucial for the company's long-term financial stability and growth.