Tallgrass Energy to launch $500M senior notes offering

Tallgrass Energy Partners LP (NYSE: TEP) (TEP) and Tallgrass Energy Finance Corp. intend to offer $500 million in aggregate principal amount of senior unsecured notes due 2028 in a private placement to eligible purchasers. The offering is subject to market conditions.

TEP intends to use the net proceeds of the notes offering to repay outstanding borrowings under its existing senior secured revolving credit facility. Tallgrass Energy is a family of companies that includes publicly traded partnerships Tallgrass Energy Partners, LP (NYSE: TEP) and Tallgrass Energy GP, LP (NYSE: TEGP), and privately held Tallgrass Development, LP. Operating across 10 states, Tallgrass is a growth-oriented midstream energy operator with transportation, storage, terminal, water, gathering and processing assets that serve some of the nation’s most prolific crude oil and natural gas basins.



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