Targa Resources (TRGP) Prices $1B Notes Offering
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Targa Resources Corp. Prices $1.0 Billion Offering of Senior Notes
August 6, 2024 3:59 PM EDTHOUSTON, Aug. 06, 2024 (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 5.500% Senior Notes due 2035 at a price to the public of 99.943% of their face value. The Offering is expected to close on August 9, 2024, subject to the satisfaction of customary closing conditions.
The Company expects to use the net proceeds from the Offering for general corporate purposes, including to repay borrowings under its commercial paper note program, a portion of which were... More
