Tallgrass Energy Partners LP - 2015-03-02
Description
Priced a follow-on public offering of 10 million common units at $50.82 per unit. Underwriters have been granted an option to buy up to 1.5 million additional units. Proceeds will be used to fund the acquisition of interest in Tallgrass Pony Express Pipeline LLC through a dropdown from Tallgrass Development LP, to repay borrowings under its credit facility and for general partnership purposes. BofA Merrill Lynch, Deutsche Bank Securities, Barclays, Citigroup, Credit Suisse, Goldman, Sachs & Co., Morgan Stanley, RBC Capital Markets and Wells Fargo Securities are joint book-running managers. BBVA, Capital One Securities and Regions Securities are co-managers.