Targa Resources Corp. Prices $2.0 Billion Offering of Senior Notes
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
Company Research
Source: GlobeNewswire
HOUSTON, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced today the pricing of an underwritten public offering (the “Offering”) of $1.0 billion aggregate principal amount of its 5.550% Senior Notes due 2035 and $1.0 billion aggregate principal amount of its 6.125% Senior Notes due 2055 at a price to the public of 99.610% and 99.781% of their face value, respectively. The Offering is expected to close on February 27, 2025, subject to the satisfaction of customary closing conditions. The Company expects to use a portion of the net proceeds from the Offering to fund the repurchase from the Company's joint venture partner of all of the outstanding preferred equity in
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News
- Targa Resources Corp. (NYSE: TRGP) had its price target lowered by analysts at Scotiabank from $218.00 to $210.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Royal Bank of Canada from $220.00 to $221.00. They now have an "outperform" rating on the stock.MarketBeat
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Citigroup Inc. from $218.00 to $227.00. They now have a "buy" rating on the stock.MarketBeat
- 3 Solid Options Amid Refining & Marketing MLP Industry Tumult [Yahoo! Finance]Yahoo! Finance
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Wells Fargo & Company from $204.00 to $220.00. They now have an "overweight" rating on the stock.MarketBeat
TRGP
Sec Filings
- 3/12/25 - Form 3
- 3/5/25 - Form 4
- 3/5/25 - Form 4
- TRGP's page on the SEC website