(Source: Shutterstock)
Targa Resources Corp. (TRGP) announced Aug. 6 the pricing of a $1 billion public offering of its 5.5% senior notes due 2035. The notes are priced at 99.943% of their face value, according to a release from the company.
The offering is expected to close Aug. 9.
Proceeds from the offering will be used for general purposes. The company plans to repay borrowings under its commercial paper note program, including the $500 million still owed on its $1.5 billion unsecured term loan facility, due July 2025.
The offering is made pursuant to an effective shelf registration statement Targa filed with the Securities and Exchange Commission.
Recommended Reading
Canadian Government to Fund Portion of Cedar LNG’s $5.96B Development Cost
2025-03-24 - The Government of Canada has pledged to contribute up to $200 million to help the Haisla Nation and Pembina Pipeline Corp. develop the $5.96 billion Cedar LNG Project
Arc Resources to Supply Exxon with LNG Offtake from Cedar LNG
2025-03-11 - Exxon Mobil Asia Pacific Pte. Ltd. has agreed to buy 1.5 million tonnes per annum of ARC Resources’ LNG offtake from the Cedar LNG Project when the facility begins commercial operations.
Oman Government, Amigo LNG Sign Long-Term Supply Deal
2025-04-30 - Oman’s commodity trading business, OQ Trading, has signed a 15-year LNG sales and purchase agreement with Amigo LNG, the Mexico subsidiary of Singapore’s LNG Alliance.
DOE Approves Venture Global’s CP2 LNG to Export to Non-FTA Countries
2025-03-20 - The U.S. Department of Energy approved Venture Global’s Calcasieu Pass 2 LNG project in Cameron Parish, Louisiana, to export LNG to non-FTA countries.
Golden Pass LNG Gets FERC Approval to Commission Project
2025-04-28 - Once completed, Golden Pass LNG, a joint project between QatarEnergy and Exxon Mobil, will have a capacity of over 2.57 Bcf/d.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.