Targa Resources (TRGP) Prices $2B Notes Offering
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Targa Resources Corp. Prices $2.0 Billion Offering of Senior Notes
November 6, 2023 4:43 PM ESTHOUSTON, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (Targa or the Company) (NYSE: TRGP), announced today the pricing of an underwritten public offering (the Offering) of $1.0 billion aggregate principal amount of its 6.150% Senior Notes due 2029 and $1.0 billion aggregate principal amount of its 6.500% Senior Notes due 2034 at a price to the public of 99.779% and 99.949% of their face value, respectively. The Offering is expected to close on November 9, 2023, subject to the satisfaction of customary closing conditions.
The Company expects to use the net proceeds from the Offering for general corporate purposes,... More
