secwatch / observer
8-K filed November 9, 2023, 6:59 PM ET ticker TRGP CIK 0001389170
debt confidence high sentiment neutral materiality 0.55

Targa Resources Corp. (TRGP): debt financing — Targa Resources prices $2B senior notes offering at 6.150% and 6.500%

Targa Resources Corp.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Targa Resources Corp. incurred senior notes of $1 billion aggregate principal amount of the Company's 6.150% Senior Notes due 2029 and $1 billion aggregate principal a with U.S. Bank Trust Company, National Association at 6.150% for the 2029 Notes and 6.500% for the 2034 Notes maturing 2029 for the 2029 Notes and 2034 for the 2034 Notes.

Instrument
senior notes
Principal
$1 billion aggregate principal amount of the Company's 6.150% Senior Notes due 2029 and $1 billion aggregate principal a
Counterparty
U.S. Bank Trust Company, National Association
Rate
6.150% for the 2029 Notes and 6.500% for the 2034 Notes
Maturity
2029 for the 2029 Notes and 2034 for the 2034 Notes
Event
incurrence
Exact text from the filing
On November 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) $1 billion aggregate principal amount of the Company’s 6.150% Senior Notes due 2029 (the “2029 Notes”) and (ii) $1 billion aggregate principal amount of the Company’s 6.500% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Targa Resources Corp. entered into Indenture with U.S. Bank Trust Company, National Association valued at $1 billion aggregate principal amount of the Company’s 6.150% Senior Notes due 2029 and $1 billion a (effective 2023-11-09).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association
Value
$1 billion aggregate principal amount of the Company’s 6.150% Senior Notes due 2029 and $1 billion a
Effective
2023-11-09
Exact text from the filing
On November 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) $1 billion aggregate principal amount of the Company’s 6.150% Senior Notes due 2029 (the “2029 Notes”) and (ii) $1 billion aggregate principal amount of the Company’s 6.500% Senior Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”).
View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

Targa Resources Corp. filing history →

Source: SEC EDGAR
accession 0001193125-23-274546
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