Tallgrass Energy GP (TEGP) to Offer 8M Common Shares

November 17, 2016 7:58 AM EST

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Tallgrass Energy GP, LP (NYSE: TEGP) announced today the commencement, subject to market conditions, of an underwritten public offering of 8,000,000 Class A shares representing limited partner interests held by funds affiliated with Kelso & Company and The Energy & Minerals Group (the “Selling Security Holders”). The Selling Security Holders also intend to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 Class A shares. TEGP will not receive any proceeds from the sale of the Class A shares in the offering.

Goldman, Sachs & Co. is acting as the sole book-running manager for the offering.

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