The companies also announced that, prior to the Merger, TEP acquired a 2 percent membership interest in Tallgrass Pony Express Pipeline, LLC and other administrative assets from TD effective February 1, 2018 for cash consideration of approximately $60 million (the “Pony Transaction”). TEP funded the Pony Transaction with borrowings under its revolving credit facility.
Baker Botts represented Tallgrass Development, LP and its affiliates in connection with the Merger and the Pony Transaction.
Baker Botts Lawyers/Office Involved:
Corporate: Mollie Duckworth (Partner, Austin); Jennifer Wu (Associate, Austin); Allison Lancaster (Associate, Austin).
Tax: Mike Bresson (Partner, Houston); Jon Nelsen (Partner, Austin); Leah Patrick (Associate, Houston).
For more information, please see Tallgrass’ news release.
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.