Tallgrass Energy Partners Evaluates $ 500 Million Offer of 6000% Senior Bonds Due 2031 | Company

LEAWOOD, Kan. – (BUSINESS WIRE) – Aug 11, 2021–

Tallgrass Energy Partners, LP (“TEP”) today announced that it, together with Tallgrass Energy Finance Corp., a subsidiary of TEP, has priced a bid of $ 500 million in total capital of 6,000 % Senior Unsecured Notes due 2031 at an offer price equal to 100% of par (the “Bond Offer”).

The offering of Notes is expected to close on August 18, 2021, subject to the satisfaction of customary closing conditions. TEP intends to use the net proceeds of the Bond Offering, together with borrowings under its existing senior secured revolving credit facility, to fund a concurrent cash takeover bid (l ‘“Public tender offer”) to purchase all or part of its outstanding 5.50% Senior Bonds. maturing in 2024 (the “2024 Notes”) and to redeem the 2024 Notes that remain in circulation after the completion of the Tender Offer. The tender offer is made pursuant to a tender offer dated August 11, 2021.

The securities to be offered have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities law. Unless so registered, securities may only be offered or sold in the United States under an exemption or in connection with a transaction not subject to the registration requirements of the Securities Act and applicable state securities laws. TEP intends to offer and sell the securities only to qualified institutional buyers in accordance with Rule 144A of the Securities Act and to non-U.S. Persons in transactions outside the United States in accordance with Regulation S of the Securities Act. This press release is not an offer to purchase, the solicitation of an offer to purchase or a notice to redeem any of the 2024 Notes.

About Tallgrass Energy

Tallgrass Energy is a leading energy and infrastructure company operating in 11 states with transportation, storage, terminals, water supply, gathering and processing assets serving some of the crude oil basins and most prolific natural gas in the country.

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KEYWORD: UNITED STATES NORTH AMERICA KANSAS

INDUSTRY KEYWORD: ENERGY UTILITIES OIL / GAS

SOURCE: Tallgrass Energy Partners, LP

Copyright Business Wire 2021.

PUB: 11/08/2021 18:29 / DISC: 11/08/2021 18:29

http://www.businesswire.com/news/home/20210811005904/en

Copyright Business Wire 2021.


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