Initial Public Offering

Energy
Initial Public Offering

Summary

Baird served as a co-manager on this offering

About

Tallgrass Energy Partners, LP (“Tallgrass” or the “Partnership”) (NYSE: TEP) recently completed an initial public offering of 14,600,000 common units at a price of $21.50 per unit, generating gross proceeds of $313.9 million. Tallgrass intends to use the net proceeds from the offering to retire debt assumed from Tallgrass Development, LP (“Tallgrass Development”), which owns an approximate 66% interest in the Partnership.

The Partnership was formed by Tallgrass Development to own, operate, acquire and develop midstream energy assets in North America. Tallgrass is a growth-oriented limited partnership that provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through its Tallgrass Interstate Gas transportation system and provides processing services for customers in Wyoming through its Casper and Douglas natural gas processing and West Frenchie Draw natural gas treating facilities. Tallgrass is headquartered in Overland Park, Kansas.


For additional information about this transaction, please contact:

Curtis Goot (314) 445-6540
Frank Murphy (314) 445-6532
Jeff Seaman (312) 609-4687
Jim Penilla (314) 445-6536
Energy
Initial Public Offering
Date
May 2013
Company
Tallgrass Energy Partners, LP
Transaction
M&A
Sectors
Energy
Target Location
North America

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