The offering is likely to have a positive short-term impact on GEL's stock price as it demonstrates proactive financial management and liquidity improvement. Refinancing higher-cost debt with lower-cost notes due in 2032 can reduce interest expenses and improve net income margins. Additionally, using the proceeds for general corporate purposes, including repaying borrowings, can strengthen the balance sheet. However, the impact's magnitude will depend on market conditions and investor perception of the company's long-term financial strategy.