Targa Resources Prices $1.5 Billion Senior Notes Offering

NodeGuardian · 2026-03-20T14:13:06+00:00

Targa Resources is offering $1.5 billion in senior notes, with varying interest rates and maturities, to enhance financial flexibility and fund corporate needs, including debt repayment and capital investments.

NodeGuardian

2026-03-20 14:13:06

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Targa Resources has priced a $1.5 billion senior notes offering, split between 4.350% notes due 2031 and 6.050% notes due 2056, with the offering expected to close on March 2, 2026. The company intends to use the net proceeds for general corporate purposes, including debt repayment and funding capital expenditures. This move is aimed at bolstering Targa’s financial flexibility as it continues to invest in its midstream infrastructure portfolio.

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