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Genesis Energy to launch 4M-unit offering

  • Genesis Energy (NYSE:GEL) -1.9% AH after announcing a public offering of 4M common units, with an underwriters option to purchase up to an additional 600K units.
  • GEL says it plans to use the proceeds for general partnership purposes, including funding acquisitions or repaying part of the borrowings outstanding under its revolving credit facility.

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Genesis Energy, L.P. Class A Common Units