Genesis Energy $1.3 billion acquisition of Tronox's alkali business

Overview:

• Genesis Energy has acquired Tronox's alkali business for $1.3 billion.
• The target consists of Tronox’s trona business in Green River, Wyoming. The business produces about 4 million tons of natural soda ash per year.
• Genesis will provide funding through a $750 million convertible units issue.
• KKR and GSO will buy approximately 22.2 million units, priced at $33.71 each.
• Credit Suisse is acting as financial adviser to Tronox.

Katrin Kostadinova - Data analyst