---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-226398"
form_type: "8-K"
ticker: "TRGP"
cik: "0001389170"
company_name: "Targa Resources Corp."
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:05:18.837692+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Targa Resources reduces accounts receivable facility to $600M, extends to Aug 2024

## Summary
- Facility size decreased from $800M to $600M via Fourteenth Amendment.
- Facility Termination Date extended to August 29, 2024.
- Approximately $600M of trade receivable purchases outstanding as of Aug 30, 2023.
- Amendment involves PNC Bank as administrator and LC bank.

## SEC filing metadata
- accession: 0001193125-23-226398
- form_type: 8-K
- ticker: TRGP
- cik: 0001389170
- company_name: Targa Resources Corp.
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389170/000119312523226398/0001193125-23-226398-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389170/000119312523226398/d505902d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-226398
- JSON: https://secwatch.observer/filing/0001193125-23-226398.json
- Plain text: https://secwatch.observer/filing/0001193125-23-226398.txt

## Key facts
- Material Agreements
  Targa Resources Corp. amended Fourteenth Amendment to the Receivables Purchase Agreement with PNC Bank, National Association valued at $600 million (effective 2023-08-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association
  - Value: $600 million
  - Effective: 2023-08-30
  source text: On August 30, 2023, Targa Resources Partners LP (the “Partnership”), a subsidiary of Targa Resources Corp. (the “Company”), and Targa Receivables LLC, a bankruptcy-remote special purpose entity that is an indirect wholly-owned subsidiary of the Partnership (the “SPV”), entered into a Fourteenth Amendment to the Receivables Purchase Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389170/000119312523226398/0001193125-23-226398-index.htm

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