{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-004859","form_type":"8-K","ticker":"TRGP","cik":"0001389170","company_name":"Targa Resources Corp.","filed_at":"2023-01-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.722019+00:00","generated_at":"2026-06-20T17:37:56.403187+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Targa closes $1.05B buyout of Blackstone's 25% Grand Prix stake, issues $1.75B notes","bullets":["Acquired Blackstone Energy Partners' 25% interest in Grand Prix NGL Pipeline for $1.05B cash.","Now owns 100% of Grand Prix, which can transport up to 1M bbl/d of NGL to Mont Belvieu.","Issued $900M 6.125% Senior Notes due 2033 and $850M 6.500% Senior Notes due 2053.","Net proceeds funded the Grand Prix acquisition; remainder for general corporate purposes, including debt reduction.","Acquisition effective January 1, 2023; closing on January 9, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-004859","json":"https://secwatch.observer/filing/0001193125-23-004859.json","markdown":"https://secwatch.observer/filing/0001193125-23-004859.md","text":"https://secwatch.observer/filing/0001193125-23-004859.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1389170/000119312523004859/0001193125-23-004859-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1389170/000119312523004859/d425918d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T17:37:56.403187+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"23b1ccc09efbf61fb82baf3c531019d9aa8deb23","claim":"Targa Resources Corp. incurred senior notes of $850,000,000 in aggregate principal amount at 6.500% maturing 2053.","evidence_excerpt":"$850,000,000 in aggregate principal amount of the Company’s 6.500% Senior Notes due 2053","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1389170/000119312523004859/0001193125-23-004859-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$850,000,000 in aggregate principal amount"},{"label":"Rate","value":"6.500%"},{"label":"Maturity","value":"2053"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"6da0ba4fa26f2217e935d5ad1bb29b75a35bc096","claim":"Targa Resources Corp. incurred senior notes of $900,000,000 in aggregate principal amount at 6.125% maturing 2033.","evidence_excerpt":"$900,000,000 in aggregate principal amount of the Company’s 6.125% Senior Notes due 2033","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1389170/000119312523004859/0001193125-23-004859-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$900,000,000 in aggregate principal amount"},{"label":"Rate","value":"6.125%"},{"label":"Maturity","value":"2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"249fbf664b2937720a07b2294eac6dc337f20a4f","claim":"Targa Resources Corp. entered into Fifth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $900,000,000 in aggregate principal amount of the Company’s 6.125% Senior Notes due 2033 and $850,00 (effective 2023-01-09).","evidence_excerpt":"On January 9, 2023, Targa Resources Corp. (the “Company”), along with certain of its subsidiaries (the “Subsidiary Guarantors”), completed the previously announced underwritten public offering (the “Offering”) of (i) $900,000,000 in aggregate principal amount of the Company’s 6.125% Senior Notes due 2033 (the “2033 Notes”) and (ii) $850,000,000 in aggregate principal amount of the Company’s 6.500% Senior Notes due 2053 (the “2053 Notes” and, together with the 2033 Notes, the “Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1389170/000119312523004859/0001193125-23-004859-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$900,000,000 in aggregate principal amount of the Company’s 6.125% Senior Notes due 2033 and $850,00"},{"label":"Effective","value":"2023-01-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}