The company said it, along with certain of its subsidiaries (the Subsidiary Guarantors), completed the underwritten public offering of $1.0 billion aggregate principal amount of its 5.500% Senior Notes due 2035 on August 9, 2024.

1. 01

   The company said it, along with certain of its subsidiaries (the Subsidiary Guarantors), completed the underwritten public offering of $1.0 billion aggregate principal amount of its 5.500% Senior Notes due 2035 on August 9, 2024.

2. 02

   The company said the Notes are guaranteed on a senior unsecured basis, jointly and severally, by the Subsidiary Guarantors, subject to certain conditions, and were issued under the Base Indenture dated April 6, 2022 and the Ninth Supplemental Indenture dated August 9, 2024.

3. 03

   Targa Resources said it used part of the net proceeds to repay borrowings under its commercial paper note program, some of which were incurred to repay the remaining $500.0 million outstanding under its prior $1.5 billion unsecured term loan facility, which was terminated in May 2024.

4. 04

   The company said it expects the remaining net proceeds to be used for general corporate purposes, and that the offering was registered on Form S-3 shelf registration statement and the Prospectus Supplement dated August 6, 2024.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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