Targa Resources Corp. announced the pricing of a $1.75 billion senior notes offering, comprising $750 million of 4.350% notes due 2029 and $1.0 billion of 5.400% notes due 2036, priced at 99.938% and 99.920% of face value.
The offering is expected to close on November 12, 2025. Proceeds will be used to redeem existing 6.875% senior notes due 2029, repay borrowings under the unsecured commercial paper program, repay other indebtedness, and fund capital expenditures, working capital, and investments in subsidiaries.
The move strengthens Targa’s investment‑grade balance sheet and provides liquidity to support its accelerated growth capital program, while also offering investors a fee‑based, long‑term debt instrument aligned with the company’s cash‑flow stability.
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