Tallgrass Energy Partners Prices Offering of $400 Million of 5.50 Percent Senior Notes
August 18 2016 - 1:54PM
Business Wire
Tallgrass Energy Partners, LP (NYSE: TEP) (“TEP”) announced
today that it, along with Tallgrass Energy Finance Corp., a
subsidiary of TEP, priced an offering of $400 million in aggregate
principal amount of 5.50 percent senior unsecured notes due 2024 at
an offering price equal to 100 percent of par.
The offering is expected to close September 1, 2016, subject to
satisfaction of customary closing conditions. TEP intends to use
the net proceeds of the offering to repay outstanding borrowings
under its existing senior secured revolving credit facility.
The securities to be offered have not been registered under the
Securities Act of 1933, as amended (the "Securities Act"), or any
state securities laws. Unless so registered, the securities may not
be offered or sold in the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
state securities laws. TEP plans to offer and sell the securities
only to qualified institutional buyers pursuant to Rule 144A under
the Securities Act and to non-U.S. persons in transactions
outside the United States pursuant to Regulation S under
the Securities Act.
This press release is being issued pursuant to Rule 135c under
the Securities Act, and is neither an offer to sell nor a
solicitation of an offer to buy the notes or any other securities
and shall not constitute an offer to sell or a solicitation of an
offer to buy, or a sale of, the notes or any other securities in
any jurisdiction in which such offer, solicitation or sale is
unlawful.
About Tallgrass Energy Partners,
LP
Tallgrass Energy Partners, LP (NYSE: TEP) is a publicly traded,
growth-oriented limited partnership formed to own, operate, acquire
and develop midstream energy assets in North America. TEP currently
provides crude oil transportation to customers in Wyoming,
Colorado, and the surrounding regions through Tallgrass Pony
Express Pipeline, LLC, which owns the Pony Express System, a crude
oil pipeline commencing in Guernsey, Wyoming and terminating in
Cushing, Oklahoma that includes a lateral in Northeast Colorado
that commences in Weld County, Colorado, and interconnects with the
pipeline just east of Sterling, Colorado. TEP provides natural gas
transportation and storage services for customers in the Rocky
Mountain, Midwest and Appalachian regions of the United States
through its 25% membership interest in Rockies Express Pipeline
LLC, a Delaware limited liability company which owns the Rockies
Express Pipeline, a FERC-regulated natural gas pipeline system
extending from Opal, Wyoming and Meeker, Colorado to Clarington,
Ohio, the Tallgrass Interstate Gas Transmission system, a
FERC-regulated natural gas transportation and storage system
located in Colorado, Kansas, Missouri, Nebraska and Wyoming, and
the Trailblazer Pipeline system, a FERC-regulated natural gas
pipeline system extending from the Colorado and Wyoming border to
Beatrice, Nebraska. TEP provides services for customers in Wyoming
at the Casper and Douglas natural gas processing facilities and the
West Frenchie Draw natural gas treating facility, and NGL
transportation services in Northeast Colorado. TEP also performs
water business services in Colorado and Texas through BNN Water
Solutions, LLC. TEP’s operations are strategically located in and
provide services to certain key United States hydrocarbon basins,
including the Denver-Julesburg, Powder River, Wind River, Permian
and Hugoton-Anadarko Basins and the Niobrara, Mississippi Lime,
Eagle Ford, Bakken, Marcellus and Utica shale formations.
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version on businesswire.com: http://www.businesswire.com/news/home/20160818006074/en/
Tallgrass Energy Partners, LPInvestor and Financial
Inquiries:Nate Lien,
913-928-6012investor.relations@tallgrassenergylp.comorMedia and
Trade Inquiries:Phyllis Hammond,
913-928-6014media.relations@tallgrassenergylp.com
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