tiprankstipranks
Targa Resources’ $1 Billion Senior Notes Offering Success
Company Announcements

Targa Resources’ $1 Billion Senior Notes Offering Success

Don't Miss our Black Friday Offers:

Targa Resources (TRGP) has issued an update.

Targa Resources Corp. announced the successful pricing of their $1 billion Senior Notes offering on August 6, 2024, with a 5.500% interest rate, maturing in 2035. These notes are guaranteed by subsidiary guarantors and were sold under an underwriting agreement with major banks. The company plans to use the proceeds for general corporate purposes, including repaying existing debts and investing in subsidiaries, while noting that the underwriters have existing banking relationships with the company and may benefit from the proceeds.

See more insights into TRGP stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyTarga Resources price target raised to $224 from $190 at Stifel
TheFlyTarga Resources price target raised to $225 from $175 at Truist
TheFlyTarga Resources director Chung sells 18,037 common shares
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App