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.

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