secwatch.observer — SEC 8-K summary
======================================

Issuer:     Targa Resources Corp. (TRGP)
CIK:        0001389170
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001193125-24-197876
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389170/000119312524197876/0001193125-24-197876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389170/000119312524197876/d819820d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-197876

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer