Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item |
Tallgrass Energy starts tender offer for 5½% senior notes due 2024
Chicago, Aug. 11 – Tallgrass Energy Partners, LP started a tender offer for its $489,285,000 outstanding 5½% senior notes due 2024 (Cusip: 87470LAA9), according to a press release.
Tallgrass Energy Finance Corp., a wholly-owned subsidiary, is a co-issuer of the notes.
The company is offering to purchase the notes at $1,016.50 per $1,000 note. Unpaid interest will also be paid to the initial settlement date.
The offer expires at 5 p.m. ET on Aug. 17.
Settlement is scheduled for Aug. 18. Settlement for tenders via guaranteed delivery is planned for Aug. 20.
The issuer intends to redeem in full any notes not tendered at 101.375 plus accrued interest on Sept. 17.
The offer is conditioned upon the completion of a contemporaneous new notes offering.
Proceeds from the new notes and borrowings under an existing revolver will be used to fund the tender offer and the redemption.
MUFG Securities Americas Inc. (212 405-7440) is the dealer manager.
The tender agent and information agent is Global Bondholder Services Corp. (866 794-2200 or 212 430-3774).
Tallgrass is a Leawood, Kan.-based energy and infrastructure company serving crude oil and natural gas basins.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.