LEAWOOD, Kan.—Tallgrass Energy Partners LP (NYSE: TEP) said Sept. 12 that, subject to market conditions, it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, intend to offer $500 million in aggregate principal amount of senior unsecured notes due 2028 in a private placement to eligible purchasers.
TEP intends to use the net proceeds of the notes 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, or any state securities laws. Unless so registered, the securities may not be offered or sold in the U.S. 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.
Recommended Reading
Brightcore Energy Begins Geothermal Project at Bard College
2024-02-28 - Brightcore Energy’s project will replace college’s current fossil fuel fired- system at the school’s library.
Oil, Gas Drilling Tech Transfer Boosts Fervo’s Geothermal Prowess
2024-02-14 - Geothermal company Fervo Energy is learning from oil and gas drilling and completion techniques to improve geothermal well costs and drill times.
Quaise Energy Raises $21MM Toward Deep Geothermal Operations
2024-03-12 - Quaise Energy will utilize a technique to vaporize rock using high-power microwaves to achieve deep geothermal energy globally.
Devon Energy Leads $244MM Funding Round for Fervo Energy
2024-02-29 - The funds will finance Fervo Energy’s next phase of growth as it puts to use oil and gas technology and techniques to scale geothermal energy.
Could Concentrated Solar Power Be an Energy Storage Gamechanger?
2024-03-27 - Vast Energy CEO Craig Wood shares insight on concentrated solar power and its role in energy storage and green fuels.