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Tallgrass Energy units price $430M senior note offering

Feb 20, 2020 - SNL Energy Finance Daily

The offering is scheduled to close Feb. 20, subject to closing conditions.

Tallgrass Energy LP units Tallgrass Energy Partners LP and Tallgrass Energy Finance Corp. priced an offering of $430 million of 6.000% senior unsecured notes due 2027 at 98.591% of par.

The subsidiaries previously planned to offer $500 million of senior unsecured notes due 2027.

Proceeds from the offering will be used to repay outstanding borrowings from its existing senior secured revolving credit facil...