Genesis Energy (GEL) said Thursday its tender offer to purchase up to $575 million of its 8% senior notes due 2027 was oversubscribed after its early tender deadline.
The company said it received tenders for almost $878 million of the notes, compared with about $981.25 million outstanding.
Genesis said it will accept for purchase tendered notes on a prorated basis using a pro ration factor of about 66% if they are accepted.
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