Targa Resources Corp. (TRGP): debt financing — Targa Resources completes $1.5B notes offering; proceeds to redeem 6.5% 2027 notes

Targa Resources Corp.

Issued $750M aggregate principal of 4.900% Senior Notes due 2030 and $750M of 5.650% Senior Notes due 2036.
Proceeds: partially redeem $1.5B of existing 6.500% Senior Notes due 2027; remainder for general corporate purposes.
Notes are senior unsecured, fully and unconditionally guaranteed by subsidiary guarantors.
Offering was underwritten public offering, registered under Form S-3ASR; issuance effective June 18, 2025.
Use of proceeds includes repaying commercial paper borrowings, other indebtedness, or capital expenditures.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Targa Resources Corp. incurred senior notes of $750 million with U.S. Bank Trust Company, National Association at 5.650% maturing due 2036.

Instrument: senior notes
Principal: $750 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.650%
Maturity: due 2036
Event: incurrence

Exact text from the filing

$750 million aggregate principal amount of the Company’s 5.650% Senior Notes due 2036

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Targa Resources Corp. incurred senior notes of $750 million with U.S. Bank Trust Company, National Association at 4.900% maturing due 2030.

Instrument: senior notes
Principal: $750 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 4.900%
Maturity: due 2030
Event: incurrence

Exact text from the filing

$750 million aggregate principal amount of the Company’s 4.900% Senior Notes due 2030

View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

Targa Resources Corp. filing history →

Source: SEC EDGAR

accession 0001193125-25-142743

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