---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-001532"
form_type: "8-K"
ticker: "TRGP"
cik: "0001389170"
company_name: "Targa Resources Corp."
filed_at: "2023-01-04T23:59:59+00:00"
generated_at: "2026-06-20T20:14:12.551175+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Targa Resources prices $1.75B senior notes; proceeds to fund $1.05B Grand Prix buyout

## Summary
- Issued $900M of 6.125% senior notes due 2033 and $850M of 6.500% notes due 2053.
- Offering priced at 99.858% and 97.843% of face value; closing expected January 9, 2023.
- Net proceeds to fund acquisition of Blackstone Energy Partners' 25% interest in Grand Prix NGL Pipeline for ~$1.05B.
- Grand Prix Transaction expected to close Q1 2023 with effective date Jan 1, 2023; offering not contingent on the deal.
- Remaining proceeds to reduce borrowings under revolving credit facility and commercial paper program.

## SEC filing metadata
- accession: 0001193125-23-001532
- form_type: 8-K
- ticker: TRGP
- cik: 0001389170
- company_name: Targa Resources Corp.
- filed_at: 2023-01-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389170/000119312523001532/0001193125-23-001532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389170/000119312523001532/d429579d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-001532
- JSON: https://secwatch.observer/filing/0001193125-23-001532.json
- Plain text: https://secwatch.observer/filing/0001193125-23-001532.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.