Finance & Investing | Capital Markets
Targa Resources Ups Note Offering by $200MM
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Targa Resources Partners LP and its subsidiary Targa Resources Partners Finance Corporation announced today that, subject to market conditions, they intend to sell in an offering in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, $200 million in aggregate principal amount of its 51/4% Senior Notes due 2023.
The Additional Notes are being offered as additional notes to the Partnership's existing $400 million aggregate principal amount of 51/4% Senior Notes due 2023 that the Partnership sold in a private placement on October 25, 2012. The Additional Notes and the notes issued on October 25, 2012 will be treated as a single class of debt securities and will have identical terms, other than the issue date.
The Partnershi…
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