Targa Resources Corp. has announced the pricing of an underwritten public offering of senior notes totaling $1.5 billion. The offering includes $750 million of 4.900% Senior Notes due 2030, priced at 99.870% of their face value, and $750 million of 5.650% Senior Notes due 2036, priced at 99.700% of their face value. The offering is expected to close on June 18, 2025, pending customary closing conditions. The company plans to use part of the proceeds to redeem its 6.500% Senior Notes due 2027 and for other corporate purposes such as repaying debts and funding capital expenditures.
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