debt
confidence high
sentiment positive
materiality 0.60
Targa Resources prices $1.75B senior notes offering; proceeds to redeem existing 6.875% notes
Targa Resources Corp.
- $750M of 4.350% Senior Notes due 2029 priced at 99.938% of face value.
- $1.0B of 5.400% Senior Notes due 2036 priced at 99.920%.
- Offering expected to close November 12, 2025.
- Net proceeds to redeem 6.875% Senior Notes due 2029 (Targa Resources Partners LP) and for general corporate purposes.
- Underwriters: BofA, Citi, RBC, Truist; notes are senior unsecured guaranteed by subsidiary guarantors.