Latham Advises on Tallgrass Energy Partners’ Upsized US$800 Million Senior Notes Offering and Concurrent Tender Offer

Tallgrass Energy Partners, LP (TEP) announced that it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, has priced an offering of US$800 million in aggregate principal amount of 7.375% senior unsecured notes due 2029. The senior notes offering is being made in connection with a concurrent cash tender offer to purchase any and all of TEP’s outstanding 7.50% senior notes due 2025.

Latham & Watkins LLP advised the initial purchasers in the notes offering and the dealer manager in the tender offer with a corporate deal team led by Austin partners Mollie Duckworth and Michael Chambers, with associates Connor Adams, Tasbiha Batool, and Jefferson Serfass. Advice was also provided on tax matters by Houston partner Tim Fenn, with associate Dylan White; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Bruce Johnson; and on energy regulatory matters by Washington, D.C. partner Patrick Nevins, with associate Carlos Clemente.