Targa Resources Corp. Prices $2.0 Billion Offering of Senior Notes
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Targa Resources Corp. has announced the pricing of a $2.0 billion offering of senior notes, with $1.0 billion in 5.550% notes due 2035 and $1.0 billion in 6.125% notes due 2055. The offering is expected to close on February 27, 2025.
February 25, 2025 | 2:00 am
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Targa Resources Corp. has priced a $2.0 billion offering of senior notes, which may impact its credit profile and financial strategy. The offering includes $1.0 billion in 5.550% notes due 2035 and $1.0 billion in 6.125% notes due 2055.
The issuance of senior notes is a significant financial event for Targa Resources, affecting its debt structure and potentially its credit rating. However, the impact on stock price is neutral in the short term as it primarily affects long-term financial strategy.
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