![Prairie Acquiror Announces Offering of $400MM Senior Notes](/sites/default/files/styles/hart_news_article_image_640/public/image/2024/02/prairie-acquiror-announces-offering-400mm-senior-notes.jpg?itok=1LeBaDhc)
Prairie Acquiror intends to use the notes offering to refinance outstanding debt under its existing term loan credit facility. (Source: Shutterstock)
Prairie Acquiror LP, which owns 100% interest in infrastructure company Tallgrass Energy Partners LP directly or indirectly, announced Feb. 20 that it intends to offer $400 million aggregate principal amount of senior secured notes due 2029.
Prairie plans on using net proceeds from the notes offering and the amended and restated term loan credit facility to refinance all or a portion of the indebtedness outstanding under its existing term loan credit facility.
Recommended Reading
Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO
2024-05-17 - A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.
Blankenship, Regens: More Demand, More M&A, More Regs
2024-05-23 - In 2024, the oil and gas industry is dealing with higher interest rates, armed conflicts in Europe and the Middle East, rising material costs, a decrease in Tier 1 acreage and new policies and laws.
Permian Recycling Facility Passes 50 MMbbl of Water Recycling
2024-05-20 - Occidental Petroleum and Select Water Solutions have collaborated on water treatment and recycling at the site since 2021.
TGS to License Tanzania’s Offshore Subsurface Data
2024-06-20 - TGS, in an agreement with Tanzania’s Petroleum Upstream Regulatory Authority, reserves the right to license all of the country’s offshore data, acquire future seismic data and reprocess existing data.
E&P Highlights: May 13, 2024
2024-05-13 - Here’s a roundup of the latest E&P headlines, with a couple fields coming online, as well as new contract awards.