Tallgrass to repay revolver debt via $200 million 5½% notes add-on

By Susanna Moon

Chicago, May 10 – Tallgrass Energy Partners, LP plans to repay debt under its senior secured revolving credit facility using proceeds of an add-on of notes.

Tallgrass and subsidiary Tallgrass Energy Finance Corp. plan to price another $200 million principal amount of 5½% senior notes due 2024 in a private placement, which will be offered as a tack-on to the $400 million principal amount of 5½% senior notes due 2024 issued Sept. 1, 2016.

Tallgrass is a Leawood, Kan.-based midstream energy master limited partnership.

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