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LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy Partners, LP (TEP) announced today that, subject to market conditions, it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, intend to offer $500 million aggregate principal amount of senior unsecured notes due 2030 in a private placement to eligible purchasers (the Notes Offering). TEP intends to use the net proceeds of the Notes Offering, together with borrowings under its existing senior secured revolving credit facility, to fund a concurrent cash tender offer (the Tender Offer) to purchase any and all of its outstanding 4.75% Senior Notes due 2023 (the 2023 Notes), and to redeem any 2023 Notes outstanding after completion of the Tender Offer. The Tender Offer is being made pursuant to an Offer to Purchase dated December 15, 2020. 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. About Tallgrass Energy Tallgrass Energy is a leading energy and infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nations most prolific crude oil and natural gas basins.

Answer: Tallgrass Energy Partners Announces Offering of $500 Million of Senior Notes Due 2030