Tallgrass Energy’s $430 Million Senior Notes Offering

Baker Botts L.L.P. represented Tallgrass Energy Partners in the public offering. Vinson & Elkins advised the initial purchasers.

Tallgrass Energy, LP (NYSE: TGE) announced the pricing of an offering of $430 million in aggregate principal amount of 6.000% senior unsecured notes due 2027 by Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp., a wholly-owned subsidiary of TEP. TGE is the managing member of Tallgrass Equity, LLC and owns approximately 63.75% of the outstanding membership interest of Tallgrass Equity, as of February 12, 2020.

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

TEP is a wholly-owned subsidiary of Tallgrass Equity and its subsidiaries.

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

The V&E corporate team was led by partners Sarah Morgan and David Stone with assistance from Bo Shi, Michael Pascual, Danny Wicoff, Miles Fortenberry,Wendy Salina, Liz Snyder, Suzanne Clevenger, Victoria Galve, Matthew Dobbins and Austin Pierce.

Involved fees earner: Leah Davis Patrick – Baker Botts; Mollie Duckworth – Baker Botts; Courtney Fore – Baker Botts; Jenna Kabrich – Baker Botts; Jon Nelsen – Baker Botts; Michael Portillo – Baker Botts; Patrick Samper – Baker Botts; Daniel Tristan – Baker Botts; Suzanne Clevenger – Vinson & Elkins LLP; Matthew Dobbins – Vinson & Elkins LLP; Miles Fortenberry – Vinson & Elkins LLP; Victoria Galvez – Vinson & Elkins LLP; Sarah Morgan – Vinson & Elkins LLP; Michael Pascual – Vinson & Elkins LLP; Austin Pierce – Vinson & Elkins LLP; Bo Shi – Vinson & Elkins LLP; Liz Snyder – Vinson & Elkins LLP; David Stone – Vinson & Elkins LLP; Wendy Trahan Salinas – Vinson & Elkins LLP; Daniel Wicoff – Vinson & Elkins LLP;

Law Firms: Baker Botts; Vinson & Elkins LLP;

Clients: ABN AMRO; Barclays Capital ; BBVA Securities Inc.; Blackstone Advisory Partners L.P; Citigroup Global Markets Ltd; Credit Suisse Securities (USA) LLC; ING Financial Markets LLC; Jefferies; MUFG Securities Americas Inc. ; PNC Capital Markets LLC; RBC Capital Markets; Regions Securities LLC; Tallgrass Energy Partners, LP ; TD Securities;

Author: Ambrogio Visconti