Tallgrass Energy Prices Private Placement Of 5.5% Senior Notes, Due 2024 For US$350 Million

Published: May 10 2017
Deal Summary

Tallgrass Energy Partners, LP, a midstream company, through its subsidiary Tallgrass Energy Finance Corp, priced the private placement of 5.5% senior notes, due 2024, for gross proceeds of US$350 million (MM). The notes will be issued at 100% of par plus accrued interest from March 15, 2017.

The company intends to use the proceeds from the placement to repay outstanding borrowings under its existing senior secured revolving credit facility.

The completion of the placement is subject to customary closing conditions.

Deal history

Pricing: On May 11, 2017, Tallgrass Energy priced the private placement of 5.5% senior notes, due 2024, for gross proceeds of US$350 MM.

Announced: On May 10, 2017, Tallgrass Energy agreed to issue 5.5% senior notes, due 2024, for gross proceeds of US$200 MM, in a private placement.

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