Deal Details
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:
- Date
- May 2013
- Company
- Tallgrass Energy Partners, LP
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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