News Releases

Baker Botts Represents Tallgrass Energy Partners in $250 Million Offering of Additional Senior Notes

Release
Deal Description: Tallgrass Energy Partners, LP (NYSE: TEP) (“TEP”) announced on December 7, 2017, that it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, priced a private offering of $250 million aggregate principal amount of its 5.50% Senior Notes due 2028 (the “Additional Notes”). The offering closed December 11, 2017.  The Additional Notes were issued at 101.5% of par, plus accrued interest from September 15, 2017.  

TEP intends to use the net proceeds of the offering to repay outstanding borrowings under its existing senior secured revolving credit facility. 

Baker Botts L.L.P. represented TEP in the offering. 

Baker Botts Lawyers/Office Involved: 

Corporate/Finance:  Mollie Duckworth (Partner, Austin); Dan Tristan (Partner, Houston);  Courtney Fore (Senior Associate, Austin); Jennifer Wu (Associate, Austin); Allison Lancaster (Associate, Austin); Leah Davis (Associate, Austin).  

Tax:  Mike Bresson (Partner, Houston); Jon Nelsen (Partner, Austin); Leah Patrick (Associate, Houston).

For more information, please see Tallgrass’ news release.

 

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Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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