Examples of NEJD Pipeline in a sentence
Genesis NEJD Pipeline, LLC is 100% owned by Genesis Energy, L.P., the parent company.
The $250 million Senior Unsecured Notes co-issued by Genesis Energy, L.P. and Genesis Energy Finance Corporation are fully and unconditionally guaranteed jointly and severally by all of Genesis Energy, L.P.’s subsidiaries, except Genesis Free State Pipeline, LLC, Genesis NEJD Pipeline, LLC and certain other minor subsidiaries.
Direct Finance LeaseWe formerly held a direct finance lease of the Northeast Jackson Dome ("NEJD") Pipeline.
As discussed in Note 3, we entered into a lease arrangement with Denbury related to the NEJD Pipeline in May 2008 that is being accounted for as a direct financing lease.
Insurance is not maintained on the NEJD Pipeline and the assets and operations related thereto.
At the end of the lease term in 2028, we will convey all of our interests in the NEJD Pipeline to the lessee for a nominal payment.
Our lease revenues for these arrangements (inclusive of fixed and variable consideration) are reflected in the table below for the three months ended March 31, 2020 and 2019, respectively: Three Months Ended March 31, Direct Finance LeaseOur direct finance lease includes a lease of the Northeast Jackson Dome ("NEJD") Pipeline.
Our $2.5 billion aggregate principal amount of senior unsecured notes co-issued by Genesis Energy, L.P. and Genesis Energy Finance Corporation are fully and unconditionally guaranteed jointly and severally by all of Genesis Energy, L.P.’s current and future 100% owned domestic subsidiaries, except Genesis Free State Pipeline, LLC, Genesis NEJD Pipeline, LLC and certain other minor subsidiaries.
Our $350 million aggregate principal amount of senior unsecured notes co-issued by Genesis Energy, L.P. and Genesis Energy Finance Corporation are fully and unconditionally guaranteed jointly and severally by all of Genesis Energy, L.P.’s subsidiaries, except Genesis Free State Pipeline, LLC, Genesis NEJD Pipeline, LLC and certain other minor subsidiaries.Genesis NEJD Pipeline, LLC is 100% owned by Genesis Energy, L.P., the parent company.
Genesis NEJD Pipeline, LLC is defined as an unrestricted subsidiary under our credit facility.(4) Refer to Note 9 for details surrounding the extinguishment of our 2023 Notes.(5) Includes the difference in timing of cash receipts from customers during the period and the revenue we recognize in accordance with GAAP on our related contracts.(6) Includes PIK distributions attributable to the period and accretion on the redemption feature.