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Genesis Energy, L.P. Announces Senior Notes Redemption

1. GEL will redeem $406.25 million of 8.0% senior notes by April 2025.

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FAQ

Why Bullish?

Redeeming high-interest debt reduces financial burden. Historical trends show similar actions improve stock prices.

How important is it?

The debt redemption signifies improved financial stability for GEL, likely appealing to investors.

Why Short Term?

The immediate financial relief from debt redemption can positively affect stock price in the short term. Previous cases showed stock appreciation after similar announcements.

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HESSREOKE
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that it will redeem the entire outstanding principal amount of its 8.0% senior notes due 2027 (the “Notes”) that were co-issued with its subsidiary, Genesis Energy Finance Corporation. As of March 3, 2025, $406,245,000 in aggregate principal amount of the Notes were outstanding. The redemption date for the Notes is April 3, 2025 (the “Redemption Date”). The Notes will be redeemed on the Redemption Date at a redemption pr.

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