Tallgrass Energy Partners Announces Launch of $400 Million Offering of Senior Notes
16 August 2016 - 8:45PM
Business Wire
Tallgrass Energy Partners, LP (NYSE: TEP) (“TEP”) announced
today that, subject to market conditions, it, along with Tallgrass
Energy Finance Corp., a subsidiary of TEP, intend to offer $400
million in aggregate principal amount of senior unsecured notes due
2024 in a private placement to eligible purchasers.
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 Pony Express, 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/20160816005322/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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