Targa Resources Partners LP
Description
Targa Resources intends to sell in an offering of $750 million in aggregate principal amount of senior unsecured notes due 2026. The partnership intends to use the net proceeds from the offering to repay borrowings under its credit facilities and for general partnership purposes, which may include redeeming or repurchasing some of its outstanding notes, repaying other indebtedness, working capital and funding capital expenditures and acquisitions.