News Releases

Baker Botts Represents Tallgrass Energy in $600 Million Offering of Senior Notes

Release

Deal Description: On September 11, 2020, 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.

Baker Botts L.L.P. represented TEP in the public offering.

Baker Botts Lawyers/Office Involved:

Corporate: Mollie Duckworth (Partner, Austin); Courtney Fore (Partner, Austin); Dan Tristan (Partner, Houston); Allison Lancaster (Associate, Austin); Jenna Kabrich (Associate, Austin)

Tax: Jon Nelsen (Partner, Austin), Leah Patrick (Senior Associate, Houston)

For more information, please see Tallgrass’s news release by clicking here.

 

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 750 lawyers practicing throughout a network of 14 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.

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