Tallgrass Energy to repay revolver borrowings via add-on note proceeds

By Marisa Wong

Morgantown, W.Va., Dec. 7 – Tallgrass Energy Partners, LP said it intends to repay outstanding borrowings under its existing senior secured revolving credit facility using proceeds from an offering of senior notes.

The company announced on Thursday that it plans to issue a $250 million add-on to its 5½% senior notes due Jan. 15, 2028. The original $500 million issue priced on Sept. 12.

The oil and natural gas pipeline company is based in Leawood, Kan.

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