Tallgrass Energy’s $600 Million Senior Notes Offering


Baker Botts LLP advised Tallgrass Energy Partners, LP on the deal.

Tallgrass Energy Partners, LP (“TEP”) announced that it, along with Tallgrass Energy Finance Corp., a wholly-owned subsidiary of TEP, priced an offering of $600 million in aggregate principal amount of 7.500% senior unsecured notes due 2025. The offering is expected to close September 16, 2020, subject to satisfaction of customary closing conditions.

TEP intends to use the net proceeds of the offering to repay a portion of the outstanding borrowings under its existing senior secured revolving credit facility.

Tallgrass Energy Partners LP owns, operates, and develops midstream energy assets in North America. The Company provides natural gas transportation and storage services for customers in the Rocky Mountains and Midwest regions of the United States through their Tallgrass Interstate Gas transportation system. Tallgrass Energy also provides processing services for customers in Wyoming.

The Baker Botts team was led by Mollie Duckworth (Picture) and also included Courtney Fore, Dan Tristan, Allison Lancaster, Jenna Kabrich, Jon Nelsen and Leah Patrick.

Involved fees earner: Mollie Duckworth – Baker Botts; Courtney Fore – Baker Botts; Jenna Kabrich – Baker Botts; Allison Lancaster – Baker Botts; Jon Nelsen – Baker Botts; Leah Patrick – Baker Botts; Daniel Tristan – Baker Botts;

Law Firms: Baker Botts;

Clients: Tallgrass Energy Partners, LP ;

Author: Ambrogio Visconti