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.