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Prairie Acquiror LP Announces Offering of $400 Million of Senior Secured Notes Due 2029

Deals & Cases
March 8, 2024
Deals & Cases
March 8, 2024

Vinson & Elkins served as issuer’s counsel in connection with the offering of $400 million aggregate principal amount of senior secured notes due 2029 (“the Notes Offering”) by Prairie Acquiror LP, which owns, directly or indirectly, 100% of the ownership interests in Tallgrass Energy Partners, LP.

The notes were priced at par, and the transaction closed on March 6, 2024.

In connection with the Notes Offering, on March 6, 2024, the Issuer entered into an amendment to the Issuer’s existing term loan credit facility (the “Term Loan Credit Facility”) to, among other things, refinance the secured term loans under the Term Loan Credit Facility in an exchange of existing term loans held by the existing lenders and the addition of new lenders, collectively, in an aggregate principal amount of $1.05 billion.

The Vinson & Elkins corporate team was led by partner Sarah Morgan and senior associate Alex Lewis, with assistance from associates Nina Bhatia, Jake Lubenow, Kylie Paradowski and Maggie Sternberg. The Vinson & Elkins finance team was led by partner David Wicklund, with assistance from associates David Albano and Garrett Tidsworth.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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