Targa Resources Partners LP
Description
Targa Resources Partners LP, a subsidiary of Targa Resources Corp., and the partnership’s subsidiary Targa Resources Partners Finance Corp. announced today the pricing of an upsized offering of $1.5 billion aggregate principal amount of senior unsecured notes consisting of the originally announced $750 million of senior unsecured notes due 2027 and an additional $750 million of senior unsecured notes due 2029. The 2027 notes will accrue interest at a rate of 6.5% per annum, will mature on July 15, 2027, and were priced at par. The 2029 notes will accrue interest at a rate of 6.875% per annum, will mature on January 15, 2029, and were priced at par.