Tallgrass Energy, LP (NYSE: TGE) announced today that its subsidiaries
Tallgrass Energy Partners, LP (“TEP”) and Tallgrass Energy Finance Corp.
priced an offering of $500 million in aggregate principal amount of
4.75% senior unsecured notes due 2023 at an offering price equal to 100%
of par.
The offering is expected to close September 26, 2018, 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
Tallgrass Energy, LP (NYSE: TGE) is a growth-oriented midstream energy
infrastructure company operating across 11 states with transportation,
storage, terminal, water, gathering and processing assets that serve
some of the nation's most prolific crude oil and natural gas basins.
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Copyright Business Wire 2018
Source: Business Wire
(September 24, 2018 - 3:32 PM EDT)
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