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News  ›  GlobeNewswire Inc.

Targa Resources Corp. Prices $1.75 Billion Offering of Senior Notes

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Targa Resources Corp.
Targa Resources Corp. Prices $1.75 Billion Offering of Senior Notes

Targa Resources Corp. announced a public offering of $750 million in 4.350% Senior Notes due 2029 and $1.0 billion in 5.400% Senior Notes due 2036, with proceeds to be used for debt redemption and general corporate purposes.

Insights
NTRBW   positive

Company received constructive FDA feedback, moving forward with development of innovative abuse deterrent technology with potential market value of $80-200 million


TRGP   neutral

The company is executing a standard debt refinancing strategy, issuing new notes at lower interest rates to replace existing higher-interest debt, which suggests prudent financial management without significant positive or negative implications