Targa Resources Corp.
Targa Resources Completes Public Offering of Senior Notes
Summary
Targa Resources Corp. has successfully completed the underwritten public offering of $750 million aggregate principal amount of its 4.350% Senior Notes due 2031 and 6.050% Senior Notes due 2056. The net proceeds from the offering will be used for general corporate purposes, including repaying existing borrowings and funding capital expenditures. The securities were issued pursuant to an Indenture dated April 6, 2022, and are fully and unconditionally guaranteed by certain subsidiary guarantors.
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About Targa Resources Corp.
Targa Resources Corp. is a prominent midstream energy company focused on the processing, storage, transportation, and marketing of natural gas and natural gas liquids (NGLs). It plays a vital role in the energy sector by facilitating the efficient flow of these critical resources from production sites to end users. Targa Resources Corp. provides a variety of essential services including gathering and processing, which involves collecting natural gas from wells, separating impurities, and preparing it for transport. Additionally, the company is involved in fractionation, which divides mixed NGLs into individual hydrocarbons such as propane, butane, and ethane. Targa's operations are key to energy infrastructure, supporting industries that rely on natural gas and NGLs for power generation, manufacturing, and heating. With a significant presence in major U.S. shale basins, Targa Resources Corp. contributes to the country's energy supply chain stability and efficiency, making it a strategic player in the integration and distribution of energy resources across multiple markets.
Official SEC Documents
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