Targa Resources Corp.


Priced an underwritten public offering of $750 million aggregate principal amount of its 4.200% senior notes due 2033 and $750 million aggregate principal amount of its 4.950% senior notes due 2052 at a price to the public of 99.815% and 99.333%, respectively, of their face value. A portion of the net proceeds from the offering will be used to fund the previously announced purchase of 5 7/8% senior notes due 2026 of Targa Resources Partners LP or the previously announced redemption of any 2026 notes not purchased in the tender offer. Remaining net proceeds will be used to repay a portion of the amounts outstanding under the company’s revolving credit facility.

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