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Tallgrass Energy GP files to sell up to $1B of securities

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.