Genesis Energy (GEL) Secures $900 Million Credit Facility

Genesis Energy, L.P. (NYSE:GEL) is one of the MLP Stocks List: 20 Largest MLPs.

On March 4, 2026, Genesis Energy, L.P. (NYSE:GEL) entered into a new $900 million senior secured revolving credit facility, expandable to $1.3 billion. The new facility, with a maturity in March 2031, replaces the previous agreement and provides a long-term capital backstop. Featuring variable pricing based on leverage ratios, the new agreement is secured by substantial asset liens. With this agreement, Genesis Energy, L.P. (NYSE:GEL) also improves its financial capabilities for future investment by extending its debt tenor and securing flexible borrowing options. This further ensures a stable access to bank funding.

Previously, on February 18, 2026, Genesis Energy, L.P. (NYSE:GEL) announced entering into an agreement for a registered public offering of $750 million of 6.750% senior unsecured notes. The notes, due 2034, were expected to generate net proceeds of approximately $737 million. Genesis Energy, L.P. (NYSE:GEL) intended to use the proceeds for purchasing or redeeming its outstanding 7.75% senior notes due 2028, as well as to meet the debt obligations under its senior secured credit facility. The move was expected to extend the company’s debt maturity profile as well as subtly reduce its coupon costs.

Founded in 1996, Genesis Energy, L.P. (NYSE:GEL) is a diversified midstream energy MLP with headquarters in Texas. The company specializes in managing offshore pipelines in the Gulf of Mexico, onshore transportation systems, marine vessels, and specialty sulfur services.

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