---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-274546"
form_type: "8-K"
ticker: "TRGP"
cik: "0001389170"
company_name: "Targa Resources Corp."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:19:17.030701+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Targa Resources prices $2B senior notes offering at 6.150% and 6.500%

## Summary
- $1B of 6.150% Senior Notes due 2029 and $1B of 6.500% Senior Notes due 2034 issued.
- Net proceeds used to repay $1B term loan facility; remainder for general corporate purposes.
- Notes are unsecured, guaranteed by certain subsidiaries, issued under base indenture and seventh supplemental indenture.

## SEC filing metadata
- accession: 0001193125-23-274546
- form_type: 8-K
- ticker: TRGP
- cik: 0001389170
- company_name: Targa Resources Corp.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389170/000119312523274546/0001193125-23-274546-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389170/000119312523274546/d442813d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-274546
- JSON: https://secwatch.observer/filing/0001193125-23-274546.json
- Plain text: https://secwatch.observer/filing/0001193125-23-274546.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389170/000119312523274546/0001193125-23-274546-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389170/000119312523274546/0001193125-23-274546-index.htm

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