Granger Optimization Project – Genesis Energy Lp

Genesis Energy Lp · Sep 23, 2019 · 5 slides

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Granger Optimization Project September 2019
Disclosures & Company Information Genesis Energy, L.P. NYSE: GEL Investor Relations Contact Common Unit Market Value 2.7 billion(a) InvestorRelationsgenlp.com (713) 860-2500 Convertible Preferred Equity 0.9 billion(a) Corporate…
Granger Expansion Overview Genesis announced plans to invest 300 million to Granger Pre-Expansion expand its Granger soda ash facilities (the Granger Optimization Project or GOP) by approximately 750k tons per year Anticipated…
Expansion Rationale GOP expansion presents numerous financial and strategic benefits to Genesis including: Highly accretive, low risk project Attractive construction multiple approximately 60 million of expected annual EBITDA on…
Financing Details In conjunction with the expansion, Genesis has entered into agreements with funds affiliated with GSO Capital Partners LP (GSO) for the purchase of up to 350 million of preferred interests in an unrestricted…