Targa Resources closes $1.0B offering of 5.500% Senior Notes due 2035

Targa Resources Corp.

Issued $1.0 billion aggregate principal of 5.500% Senior Notes due 2035 on August 9, 2024.
Notes are senior unsecured and fully and unconditionally guaranteed by certain subsidiaries.
A portion of net proceeds used to repay $500M term loan due 2025 and commercial paper borrowings.
Remaining net proceeds expected to be used for general corporate purposes, including capex and working capital.
Offering completed via underwritten public offering under existing shelf registration statement.

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