Tallgrass Energy GP LP may sell, from time to time, up to $1.0 billion of its class A shares, preferred shares and partnership securities, according to a June 1 SEC filing.
The partnership plans to use proceeds from any sale of securities for general partnership purposes, such as paying all or a portion of its outstanding debt and funding working capital, CapEx and cost of other funds.
The filing also covers the sale of up to 125,291,659 class A shares of Tallgrass Energy GP by selling security holders from time to time. The selling shareholders include Tallgrass Holdings LLC, KIA VIII (Rubicon) LP and Tallgrass KC LLC.
