debt
confidence high
sentiment neutral
materiality 0.50
Targa Resources prices $1.5B senior notes offering in two tranches
Targa Resources Corp.
- Issued $750M 4.350% Senior Notes due 2031 and $750M 6.050% Senior Notes due 2056.
- Notes priced at 99.812% and 99.975% of face value, respectively; closing on March 2, 2026.
- Net proceeds for general corporate purposes, including repaying commercial paper and other debt.
- Underwritten by MUFG, PNC Capital Markets, TD Securities, and Wells Fargo Securities.