Targa Resources Corp. Prices $1.75 Billion Offering of Senior Notes

Core Viewpoint - Targa Resources Corp. has announced a public offering of $750 million in 4.350% Senior Notes due 2029 and $1.0 billion in 5.400% Senior Notes due 2036, with the offering expected to close on November 12, 2025, subject to customary conditions [1][2]. Group 1: Offering Details - The offering includes $750 million of 4.350% Senior Notes due 2029 priced at 99.938% of face value and $1.0 billion of 5.400% Senior Notes due 2036 priced at 99.920% of face value [1]. - The net proceeds from the offering will be used to redeem the 6.875% Senior Notes due 2029 and for general corporate purposes, including repaying borrowings and funding capital expenditures [2]. Group 2: Company Overview - Targa Resources Corp. is a leading provider of midstream services and one of the largest independent infrastructure companies in North America, focusing on the delivery of energy across the U.S. and internationally [4]. - The company operates a diversified portfolio of infrastructure assets that connect natural gas and natural gas liquids to markets with increasing demand for cleaner fuels [4].