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.
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