Targa Resources said on November 12, 2025 it completed an underwritten public offering of $750.0 million aggregate principal amount of 4.350% Senior Notes due 2029 and $1.0 billion aggregate principal amount of 5.400% Senior Notes due 2036.

1. 01

   Targa Resources said on November 12, 2025 it completed an underwritten public offering of $750.0 million aggregate principal amount of 4.350% Senior Notes due 2029 and $1.0 billion aggregate principal amount of 5.400% Senior Notes due 2036.

2. 02

   The company said the Notes are fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by the Subsidiary Guarantors so long as such Subsidiary Guarantors satisfy certain conditions, and were issued pursuant to the Twelfth Supplemental Indenture dated November 12, 2025.

3. 03

   Targa Resources said it expects to use a portion of the net proceeds from the offering to redeem the 6.875% Senior Notes due 2029 issued by Targa Resources Partners LP and to use the remaining net proceeds for general corporate purposes, including to repay borrowings under its commercial paper note program, to repay other indebtedness, to repurchase or redeem securities or to fund capital expenditures, additions to working capital or investments in its subsidiaries.

4. 04

   The company said U.S. Bancorp Investments, Inc., one of the underwriters, is an affiliate of U.S. Bank Trust Company, National Association, the trustee under the Indenture.

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