Tallgrass Energy Partners’ $250 Million Offering of Additional Senior Notes


Baker Botts advised Tallgrass Energy Partners on the transaction

Tallgrass Energy Partners, LP (NYSE: TEP) (“TEP”) announced on December 7, 2017, that it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, priced a private offering of $250 million aggregate principal amount of its 5.50% Senior Notes due 2028 (the “Additional Notes”). The offering closed December 11, 2017. The Additional Notes were issued at 101.5% of par, plus accrued interest from September 15, 2017.

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

Baker Botts advised TEP with a team including Mollie Duckworth (Picture), Dan Tristan, Courtney Fore, Jennifer Wu, Allison Lancaster, Leah Davis (Capital Markets), Mike Bresson, Jon Nelsen and Leah Patrick (Tax).

Involved fees earner: Mollie Duckworth – Baker Botts; Daniel Tristan – Baker Botts; Courtney Fore – Baker Botts; Jennifer Wu – Baker Botts; Allison Lancaster – Baker Botts; Leah Davis Patrick – Baker Botts; Michael Bresson – Baker Botts; Jon Nelsen – Baker Botts; Leah Patrick – Baker Botts;

Law Firms: Baker Botts;

Clients: Tallgrass Energy Partners, LP ;

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Author: Ambrogio Visconti