debt
confidence high
sentiment neutral
materiality 0.55
Targa Resources prices $1.0B of 5.500% Senior Notes due 2035
Targa Resources Corp.
- Offering of $1.0B aggregate principal of 5.500% Senior Notes due February 15, 2035.
- Priced at 99.943% of face value; expected to close August 9, 2024.
- Net proceeds for general corporate purposes, including repaying commercial paper used to repay $500M term loan.
- Joint bookrunners: Citigroup, J.P. Morgan, RBC Capital Markets, TD Securities.