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