HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE:GEL) today announced the pricing of a registered underwritten public offering of 8,000,000 common units representing limited partner interests at $37.90 per common unit. We granted the underwriter a 30-day option to purchase up to 1,200,000 additional common units from us. We intend to use the net proceeds from the offering, including any net proceeds from the underwriter’s exercise of their option to purchase additional common units, for general partnership purposes, including funding acquisitions (including organic growth projects) or repaying a portion of the borrowings outstanding under our revolving credit facility. The offering is expected to settle and close on July 27, 2016, subject to customary closing conditions.

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.