News Releases

Baker Botts Represents Tallgrass Development, LP and its affiliates in the $140 Million Sale of Tallgrass Terminals, LLC and Tallgrass NatGas Operator, LLC

Release
Deal Description: January 3, 2017 – Tallgrass Energy Partners, LP (the “Partnership”) (NYSE:TEP) acquired Tallgrass Terminals, LLC (“Tallgrass Terminals”) and Tallgrass NatGas Operator, LLC (“Tallgrass NatGas Operator”) from a wholly-owned subsidiary of Tallgrass Development, LP pursuant to a Purchase and Sale Agreement effective January 1, 2017. The drop-down was negotiated on behalf of the Partnership by the Conflicts Committee of the Board of Directors of the general partner of the Partnership and the cash consideration for the transaction was $140 million. 

Baker Botts represented Tallgrass Development, LP in the transaction. 

Baker Botts Lawyers/Office Involved: Mollie Duckworth (Partner, Austin); Jon Nelsen (Partner, Austin); Rachel Ratcliffe (Associate, Austin); Michael Bodosky (Special Counsel, Washington); Matthew Larsen (Partner, Dallas) 

For more information, please see Tallgrass Energy’s news release by clicking here

 

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