Targa Resources said its subsidiary Targa Resources Partners LP and Targa Receivables LLC entered into a Sixteenth Amendment to the Receivables Purchase Agreement on July 28, 2025. The agreement governs the SPV's accounts receivable securitization facility.

1. 01

   Targa Resources said its subsidiary Targa Resources Partners LP and Targa Receivables LLC entered into a Sixteenth Amendment to the Receivables Purchase Agreement on July 28, 2025. The agreement governs the SPV's accounts receivable securitization facility.

2. 02

   The company said the amendment extends the Facility Termination Date of the Facility to August 31, 2026. The amendment amends the Receivables Purchase Agreement dated January 10, 2013.

3. 03

   Targa Resources said that as of July 28, 2025, after giving effect to the amendment, approximately $600 million of trade receivable purchases were outstanding under the Facility.

4. 04

   The company said the SPV acts as seller, the Partnership as servicer, and PNC Bank, National Association as administrator and LC Bank. It added that committed purchasers or their respective affiliates have provided investment banking, financial advisory and commercial banking services, and there are commodity swap transactions in place.

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