Genesis Energy announced an increase in total commitments under its senior secured credit facility to $1.7 billion (from $1.5 billion).
The facility includes an accordion feature allowing an increase in total commitments by an additional $300 million, subject to lender approval. In connection with this upsizing, the lenders unanimously agreed to a total leverage covenant of 5.5 times through the maturity date of July 28, 2019.
