{"url_path":"/sec/gel/8-k/2026-02-24/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-02-24","source_url":"https://www.sec.gov/Archives/edgar/data/1022321/0001193125-26-067390-index.html","accession_number":"0001193125-26-067390","cik":"0001022321","ticker":"GEL","issuer_name":"GENESIS ENERGY LP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1022321/0001193125-26-067390-index.html","primary_entity_key":"0001022321","primary_entity_name":"GENESIS ENERGY LP"},"word_count":494,"has_tables":true,"body_markdown":"Item 1.01\n\nEntry into a Material Definitive Agreement.\n\nUnderwriting Agreement\n\nOn February 18, 2026, Genesis Energy, L.P. (“Genesis”), Genesis Energy Finance Corporation (together with Genesis, the “Issuers”) and certain subsidiary guarantors of Genesis entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., as representative of a group of underwriters named in the Underwriting Agreement, in connection with the Issuers’ public offering of senior notes (the “Offering”).\n\nThe Underwriting Agreement provides for, among other things, the issuance and sale by the Issuers of $750 million in aggregate principal amount of 6.750% senior unsecured notes due 2034 (the “Notes”), guaranteed by certain subsidiary guarantors of Genesis (such guarantees, together with the Notes, the “Securities”).\n\nThe Issuers expect to receive net proceeds from the Offering, after deducting underwriting discounts, commissions, and estimated expenses, of approximately $737.0 million. Genesis intends to use the net proceeds from the Offering (i) to purchase or redeem any and all of the outstanding aggregate principal amount of our 7.75% senior notes due 2028 (the “2028 Notes”) and (ii) for general partnership purposes, including repaying a portion of the revolving borrowings outstanding under our senior secured credit facility.\n\nThe Underwriting Agreement provides that the obligations of the underwriters to purchase the Notes are subject to receipt of legal opinions by counsel and to other customary conditions. The Issuers have agreed to indemnify the underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”), or to contribute to payments the underwriters may be required to make because of any of those liabilities.\n\nThe Securities have been registered under the Securities Act, pursuant to the Registration Statement on Form S-3 (Registration No. 333-278743), as supplemented by the Prospectus Supplement dated February 18, 2026, relating to the Offering, filed with the SEC pursuant to Rule 424(b) of the Securities Act.\n\nThe Underwriting Agreement contains representations, warranties and other provisions that were made only for purposes of the Underwriting Agreement and as of specific dates and were solely for the benefit of the parties thereto. Accordingly, investors and securityholders should not rely on such representations and warranties as characterizations of the actual state of facts or circumstances.\n\nThis summary of the Underwriting Agreement is qualified in its entirety by reference to the full text of the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated into this Item 1.01 by reference.\n\nAffiliates of certain of the underwriters are lenders under our senior secured credit facility, and as such may be entitled to be repaid with the net proceeds of the Offering that are used to repay a portion of the borrowings outstanding under our senior secured credit facility and may receive their pro rata portion of such repayment.\n\nAdditionally, certain of the underwriters or their affiliates may be holders of our 2028 Notes and, accordingly, may receive a portion of the proceeds of this Offering."}