Targa Resources completed the underwritten public offering of 4.350% Senior Notes due 2031 and 6.050% Senior Notes due 2056, with aggregate principal amounts of $750.0 million each, on March 2, 2026.

1. 01

   Targa Resources completed the underwritten public offering of 4.350% Senior Notes due 2031 and 6.050% Senior Notes due 2056, with aggregate principal amounts of $750.0 million each, on March 2, 2026.

2. 02

   The company said the notes are fully and unconditionally guaranteed on a senior unsecured basis by certain of its subsidiaries, subject to those subsidiaries satisfying certain conditions. It said the notes were issued under the Base Indenture dated April 6, 2022 and the Thirteenth Supplemental Indenture dated March 2, 2026.

3. 03

   The company said it expects to use the net proceeds for general corporate purposes. It said these may include repaying borrowings under its unsecured commercial paper note program, repaying other indebtedness, repurchasing or redeeming securities, and funding capital expenditures.

4. 04

   The company said the offering was registered on Form S-3ASR shelf registration statement and the Prospectus Supplement dated February 25, 2026. U.S. Bancorp Investments, Inc., one of the underwriters, is an affiliate of U.S. Bank Trust Company, National Association, the trustee.

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Original filing

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