Genesis Energy, L.P. Upsizes and Prices Public Offering of Common Units

  Genesis Energy, L.P. Upsizes and Prices Public Offering of Common Units

Business Wire

HOUSTON -- September 11, 2013

Genesis Energy, L.P. (NYSE: GEL) today announced the pricing of a registered
underwritten public offering of 5,000,000 common units representing limited
partner interests at $47.51 per common unit. The offering was upsized from the
previously announced 4,500,000 common units. The underwriters have been
granted a 30-day option to purchase up to 750,000 additional common units from
us. We expect to use the net proceeds from the offering for general
partnership purposes, including the repayment of outstanding borrowings under
our revolving credit facility.

Wells Fargo Securities, BofA Merrill Lynch, Citigroup, Deutsche Bank
Securities, RBC Capital Markets and BMO Capital Markets are acting as joint
book-running managers for the common units offering. Baird, Raymond James and
Janney Montgomery Scott are acting as co-managers. The offering is expected to
settle and close on September 16, 2013, subject to customary closing
conditions.

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

Wells Fargo Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, NY 10152
Telephone: (800) 326-5897
Email: cmclientsupport@wellsfargo.com

BofA Merrill Lynch
Attn: Prospectus Department
222 Broadway
New York, NY 10038
Email: dg.prospectus_requests@baml.com

Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Ave.
Edgewood, NY 11717
Telephone: (800) 831-9146
Email: BATProspectusdept@citi.com

Deutsche Bank Securities
Attn: Prospectus Group
60 Wall Street
New York, NY 10005
Telephone: (800) 503-4611
Email: prospectus.cpdg@db.com

RBC Capital Markets
Attn: Equity Syndicate
Three World Financial Center
200 Vesey Street, 8th Floor
New York, NY 10281
Telephone: (877) 822-4089

BMO Capital Markets
Attn: Equity Syndicate Department
3 Times Square
New York, NY 10036
Telephone: (800) 414-3627
Email: bmoprospectus@bmo.com

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.

Genesis Energy, L.P. is a diversified midstream energy master limited
partnership headquartered in Houston, Texas. Genesis’ operations include
pipeline transportation, refinery services and supply and logistics. The
Pipeline Transportation Division is engaged in the pipeline transportation of
crude oil and carbon dioxide. The Refinery Services Division primarily
processes sour gas streams to remove sulfur at refining operations. The Supply
and Logistics Division is engaged in the transportation, storage and supply
and marketing of energy products, including crude oil, refined products, and
certain industrial gases. Genesis’ operations are primarily located in Texas,
Louisiana, Arkansas, Mississippi, Alabama, Florida 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 close the offering
successfully and 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.

Contact:

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