Genesis Energy (GEL) said Tuesday it will redeem the outstanding principal amount of its 8% senior notes due 2027, which is co-issued with its subsidiary Genesis Energy Finance Corporation.
As of March 3, $406.2 million of the notes remain outstanding, the company said.
The company said the redemption date is set for April 3 for 102% of the principal amount plus accrued interest.
After the redemption date, interest on the notes will cease, and they will no longer be outstanding.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.