debt
confidence high
sentiment neutral
materiality 0.50
Targa Resources prices $1.5B senior notes offering; 4.900% due 2030 and 5.650% due 2036
Targa Resources Corp.
- $750M of 4.900% Senior Notes due 2030 priced at 99.870% and $750M of 5.650% Senior Notes due 2036 priced at 99.700%.
- Net proceeds partly to redeem existing 6.500% Senior Notes due 2027, and for general corporate purposes.
- Offering expected to close June 18, 2025, subject to customary conditions.
- Notes are senior unsecured, guaranteed by subsidiary guarantors.