Genesis Energy, L.P. recently announced that the company plans to invest approximately $300 million to expand its existing Granger production facility to increase soda ash production by approximately 750,000 tons per year. Following the expansion, the Granger facilities are expected to be one of the lowest cost soda ash production facilities in the world. In conjunction with the expansion, Genesis entered into agreements with funds affiliated with GSO Capital Partners LP for the purchase of up to $350 million of preferred interests in an unrestricted subsidiary of Genesis holding Genesis’ alkali business. A team from Akin Gump advised Genesis in the matter.
Additional information about the deal can be found here.
The Akin Gump team included energy partners Christopher Centrich and Patrick Hurley and associates Jiha Ko, Kevin Schott and Shane Copelin. They were joined by tax partners Alison Chen and Jocelyn Tau, and, for finance work, by energy partners Chip Cowell and Eric Muñoz and counsel Chase Armbrust.
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