Blackstone Amends Genesis Energy Stake Filing

TL;DR

Blackstone updated their Genesis Energy stake filing. Watch for more.

AI Summary

Blackstone Holdings II L.P. has amended its Schedule 13D filing regarding Genesis Energy, L.P. as of August 26, 2024. The filing indicates a change in beneficial ownership, though specific new ownership percentages or dollar amounts are not detailed in this amendment summary. The filing is an amendment to a previous filing, suggesting ongoing activity or adjustments by Blackstone concerning their stake in Genesis Energy.

Why It Matters

This amendment signals potential shifts in significant ownership of Genesis Energy, L.P., which could influence the company's strategic direction and market perception.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in significant beneficial ownership, which can lead to market volatility.

Key Players & Entities

• Blackstone Holdings II L.P. (company) — Filing entity
• Genesis Energy, L.P. (company) — Subject company
• Blackstone Inc. (company) — Affiliated entity
• John G. Finley (person) — Contact person for Blackstone
• Marisa Beeney (person) — Contact person for Genesis Energy

FAQ

Key Financial Figures

• $33.541 — 1,344,497 Preferred Units at a price of $33.541 per Preferred Unit in privately negotia
• $7,894,000 million — ckstone currently holds an aggregate of $7,894,000 million principal amount of the Issuers senior

Filing Documents

• d647691dsc13da.htm (SC 13D/A) — 145KB
• 0001193125-24-207195.txt ( ) — 147KB

of the Schedule 13D is hereby amended and restated as follows

Item 1 of the Schedule 13D is hereby amended and restated as follows: This Statement on Schedule 13D relates to Common Units - Class A (the Class A Common Units ) representing limited partner interests of Genesis Energy, L.P., a Delaware limited partnership (the Issuer ). The Issuers principal executive offices are located at 811 Louisiana, Suite 1200, Houston, Texas 77002. Item2. Identity and Background.

of the

Item 2 of the Schedule 13D is hereby amended and supplemented as follows: The Blackstone Group Inc. is now known as Blackstone Inc. Blackstone Inc. is a Delaware corporation. Information regarding each director and executive officer of Blackstone Inc. is set forth on the updated Schedule I attached hereto. The principal business of Blackstone Group Management L.L.C. is performing the functions of, and serving as, the sole holder of the Series II preferred stock of Blackstone Inc. The principal business address of each of the GSO Entities is c/o Blackstone Alternative Credit Advisors LP, 345 Park Avenue, New York, New York 10154. Mr. Goodman is a former executive of GSO Holdings I L.L.C. and certain affiliated entities. Item4. Purpose of Transaction.

of the Schedule 13D is hereby amended and supplemented by adding the following

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following: The information in Items 5 and 6 of this Amendment No. 1 is incorporated herein by reference. Item5. Interest in Securities of the Issuer. Item 5 of the Schedule 13D is hereby amended and restated as follows: (a) and (b) Calculations of the percentage of Class A Common Units beneficially owned is based on 122,424,321 Class A Common Units outstanding as of July 31, 2024, as reported in the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 1, 2024, plus the Class A Common Units that GSO Rodeo may acquire upon the conversion of the Preferred Units. The aggregate number and percentage of Class A Common Units beneficially owned by each Reporting Person and, for each Reporting Person, the number of securities as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by reference. As of the date hereof, GSO Rodeo holds 10,211,462 Preferred Units which are convertible into 10,211,462 Class A Common Units. GSO Rodeo Holdings Associates LLC is the general partner of GSO Rodeo. GSO Holdings I L.L.C. is the managing member GSO Rodeo Holdings Associates LLC. Blackstone Holdings II L.P. is the managing member of GSO Holdings I L.L.C. 10 Blackstone Holdings I/II GP L.L.C. is the general partner of Blackstone Holdings II L.P. Blackstone Inc. is the sole member of Blackstone Holdings I/II GP L.L.C. The sole holder of the Series II preferred stock of Blackstone Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstones senior managing directors and controlled by its founder, Stephen A. Schwarzman. Additionally, Har

of the Schedule 13D is hereby amended and supplemented as follows

Item 6 of the Schedule 13D is hereby amended and supplemented as follows: Board Observers Agreement Michael Zawadzki, no longer serves as an observer to the board of directors of the General Partner pursuant to the rights granted in the Board Observers Agreement. The Reporting Persons still maintain their right to designate an observer to the board of directors of the General Partner; however, no designation has been made as of the date of this filing. Senior Notes of the Issuer Accounts managed by an indirect subsidiary of Blackstone currently holds an aggregate of $7,894,000 million principal amount of the Issuers senior unsecured notes. 11

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that the information set forth in this Dated: August 26, 2024 GSO RODEO HOLDINGS LP By: GSO Rodeo Holdings Associates LLC By: /s/ Marisa Beeney Name: Marisa Beeney Title: Authorized Signatory GSO RODEO HOLDINGS ASSOCIATES LLC By: /s/ Marisa Beeney Name: Marisa Beeney Title: Authorized Signatory GSO HOLDINGS I L.L.C. By: /s/ Marisa Beeney Name: Marisa Beeney Title: Authorized Signatory BLACKSTONE HOLDINGS II L.P. By: Blackstone Holdings I/II GP L.L.C., its general partner By: /s/ Tabea Hsi Name: Tabea Hsi Title: Senior Managing Director BLACKSTONE HOLDINGS I/II GP L.L.C. By: /s/ Tabea Hsi Name: Tabea Hsi Title: Senior Managing Director BLACKSTONE INC. By: /s/ Tabea Hsi Name: Tabea Hsi Title: Senior Managing Director BLACKSTONE GROUP MANAGEMENT L.L.C. By: /s/ Tabea Hsi Name: Tabea Hsi Title: Senior Managing Director STEPHEN A. SCHWARZMAN /s/ Stephen A. Schwarzman SCHEDULE I Executive Officers and Directors of Blackstone Inc. The name and principal occupation of each director and executive officer of Blackstone Inc. are set forth below. The address for each person listed below is c/o Blackstone Inc., 345 Park Avenue, New York, New York 10154. All executive officers and directors listed are United States citizens. OFFICERS: Name Present Principal Occupation or Employment Stephen A. Schwarzman Founder, Chairman and Chief Executive Officer of Blackstone Inc. Jonathan D. Gray President, Chief Operating Officer of Blackstone Inc. Michael S. Chae Chief Financial Officer of Blackstone Inc. John G. Finley Chief Legal Officer of Blackstone Inc. Vikrant Sawhney Chief Administrative Officer of Blackstone Inc. DIRECTORS: Name Present Principal Occupation or Employment Stephen A. Sch

View Full Filing

View this SC 13D/A filing on SEC EDGAR