Genesis Energy, L.P. Completes Public Offering of Common Units

HOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE: GEL) announced today that it has completed its previously announced underwritten public offering of common units. Including the overallotment option, which was exercised in full by the underwriters, the Partnership sold a total of 4,600,000 common units at $44.42 per common unit.

Total net proceeds from the offering, after deducting underwriting discounts and commissions and estimated offering expenses, were approximately $198 million. The Partnership intends to use the net proceeds from the offering for general partnership purposes, including funding acquisitions (including organic growth projects) or repaying a portion of the borrowings outstanding under its revolving credit facility.

Wells Fargo Securities, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, RBC Capital Markets, Credit Suisse, Raymond James and UBS Investment Bank are acting as joint book-running managers for the offering. Baird, BMO Capital Markets and Janney Montgomery Scott are acting as co-managers.

Copies of the final prospectus supplement and accompanying base prospectus relating to this offering, when available, may be obtained from:

Wells Fargo SecuritiesAttn: Equity Syndicate Dept.375 Park AvenueNew York, NY 10152Telephone: (800) 326-5897Email: [email protected]

BofA Merrill LynchAttn: Prospectus Department222 BroadwayNew York, NY 10038Email: [email protected]

Citigroupc/o Broadridge Financial Solutions1155 Long Island Ave.Edgewood, NY 11717Telephone: (800) 831-9146Email: [email protected]

Deutsche Bank SecuritiesAttn: Prospectus Group60 Wall StreetNew York, NY 10005Telephone: (800) 503-4611Email: [email protected]

RBC Capital MarketsAttn: Prospectus DepartmentThree World Financial Center200 Vesey Street, 8th FloorNew York, NY 10281-8098Telephone: (877) 822-4089

Credit SuisseAttn: Prospectus DepartmentOne Madison AvenueNew York, NY 10010Telephone: (800) 221-1037Email: [email protected]

Raymond JamesAttn: Equity Syndicate880 Carillon ParkwaySt. Petersburg, FL 33716Telephone: (800) 248-8863Email: [email protected]

UBS Investment BankAttn: Prospectus Dept.299 Park AvenueNew York, NY 10171Telephone: (888) 827-7275

You may also obtain these documents for free, when they are available, by visiting the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offer is being made only through the prospectus supplement and accompanying base prospectus, each of which is part of our effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include onshore and offshore pipeline transportation, refinery services, marine transportation and supply and logistics. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida, Wyoming and the Gulf of Mexico.

This press release includes forward-looking statements as defined under federal law. Although we believe that our expectations are based upon reasonable assumptions, we can give no assurance that our goals will be achieved, including statements regarding our ability to use the net proceeds as indicated above. Actual results may vary materially. We undertake no obligation to publicly update or revise any forward-looking statement.

Genesis Energy, L.P.
Bob Deere, (713) 860-2516
Chief Financial Officer

Source: Genesis Energy, L.P.

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