debt
confidence high
sentiment neutral
materiality 0.55
Targa upsizes receivables facility to $800M, extends maturity to Sept 2023
Targa Resources Corp.
- Facility size doubled from $400M to $800M via Thirteenth Amendment to Receivables Purchase Agreement.
- Facility Termination Date extended to September 1, 2023, from prior earlier date.
- As of September 2, 2022, approximately $400M of trade receivable purchases were outstanding.
- Amendment executed by Targa Resources Partners LP, Targa Receivables LLC, and lenders including PNC, Wells Fargo, Regions Bank.