Targa Resources Corp. has announced the pricing of a $1.75 billion underwritten public offering of senior notes. The offering includes $750 million in 4.350% Senior Notes due 2029, priced at 99.938% of face value, and $1.0 billion in 5.400% Senior Notes due 2036, priced at 99.920% of face value. The offering is expected to close on November 12, 2025, subject to customary closing conditions. Targa intends to use a portion of the net proceeds to redeem its 6.875% Senior Notes due 2029 and the remaining proceeds for general corporate purposes, including repayment of borrowings and funding capital expenditures.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Targa Resources Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9571045-en) on November 06, 2025, and is solely responsible for the information contained therein.