OVERLAND PARK, KS--May 6, 2013: today announced the launch of its initial public offering of 13,050,000 common units representing limited partner interests pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission ("SEC"). Tallgrass will list its common units on the New York Stock Exchange under the symbol "TEP." Tallgrass anticipates granting the underwriters an option to purchase up to an additional 1,957,500 common units at the initial public offering price.
After the offering, Tallgrass Development, LP and its affiliates will indirectly own common units and subordinated units representing approximately 66% of Tallgrass' outstanding units (approximately 62% if the underwriters exercise their option to purchase additional common units in full) and general partner units representing a 2% general partner interest in Tallgrass.
Barclays, Citigroup, BofA Merrill Lynch and Deutsche Bank Securities are acting as joint book-running managers and Credit Suisse, Morgan Stanley, RBC Capital Markets, Wells Fargo Securities, Baird and Stifel are acting as co-managers for the initial public offering. The offering will be made only by means of a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933. When available, a preliminary prospectus relating to the offering may be obtained from:
- Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-888-603-5847 or email at barclaysprospectus@broadridge.com;
- Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146 or email at batprospectusdept@citi.com;
- BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, NY 10038, email: dg.prospectus_requests@baml.com; or
- Deutsche Bank Securities, Attn: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, telephone: 1-800-503-4611 or email at prospectus.CPDG@db.com.
You may also get a copy of the preliminary prospectus for free by visiting the SEC's website at SEC .
A registration statement relating to the common units has been filed with the SEC but has not yet become effective. The common units may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common units in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Headquartered in Overland Park, Kansas, with a base of operations in Lakewood, Colorado, 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.
