Latham & Watkins Advises on Prairie Acquiror’s US$400 Million Senior Notes Offering

Prairie Acquiror LP, which owns, directly or indirectly, 100% of the ownership interests in Tallgrass Energy Partners, LP, has announced that it priced an offering of US$400 million in aggregate principal amount of 9.00% senior secured notes due 2029 at an offering price equal to 100% of par (the Notes Offering).

The Notes Offering is expected to close March 6, 2024, subject to satisfaction of customary closing conditions.

Latham & Watkins LLP advised the initial purchasers in the notes offering 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 finance matters by Houston counsel Natalie McFarland; 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.