Targa Resources Corp. (TRGP): debt financing — Targa Resources issues $1.5B in senior notes (4.350% 2031, 6.050% 2056)

Targa Resources Corp.

Issued $750M 4.350% senior notes due 2031 and $750M 6.050% senior notes due 2056.
Notes are senior unsecured, fully and unconditionally guaranteed by certain subsidiaries.
Net proceeds to repay commercial paper borrowings, other indebtedness, and for general corporate purposes.
Offering closed March 2, 2026; underwritten public offering registered under shelf registration.

item 1.01 item 2.03 item 9.01

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 $750.0 million at 6.050%.

Instrument: senior notes
Principal: $750.0 million
Rate: 6.050%
Event: incurrence

Exact text from the filing

$750.0 million aggregate principal amount of the Company’s 4.350% Senior Notes due 2031

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

Targa Resources Corp. incurred senior notes of $750.0 million at 6.050%.

Instrument: senior notes
Principal: $750.0 million
Rate: 6.050%
Event: incurrence

Exact text from the filing

$750.0 million aggregate principal amount of the Company’s 6.050% Senior Notes due 2056

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Targa Resources Corp. entered into Thirteenth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $750.0 million aggregate principal amount of the Company’s 4.350% Senior Notes due 2031 and $750.0 m (effective 2026-03-02).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $750.0 million aggregate principal amount of the Company’s 4.350% Senior Notes due 2031 and $750.0 m
Effective: 2026-03-02

Exact text from the filing

On March 2, 2026, Targa Resources Corp. (the “Company”), along with certain of its subsidiaries (the “Subsidiary Guarantors”), completed the previously announced underwritten public offering (the “Offering”) of (i) $750.0 million aggregate principal amount of the Company’s 4.350% Senior Notes due 2031 (the “2031 Notes”) and (ii) $750.0 million aggregate principal amount of the Company’s 6.050% Senior Notes due 2056 (the “2056 Notes,” and, together with the 2031 Notes, the “Notes”).

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

Targa Resources Corp. filing history →

Source: SEC EDGAR

accession 0001193125-26-085512

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