8-KItem 1.01 · Material AgreementItem 2.03 · Financial ObligationItem 9.01 · Financial Statements

BREAKING: Targa Resources completes $1.5B debt raise — $750M 4.350% notes due 2031 + $750M 6.050% notes…

Filed with the SEC on · Summarized by InvestorsBot

BREAKING: Targa Resources completes $1.5B debt raise — $750M 4.350% notes due 2031 + $750M 6.050% notes due 2056. 💰📅 $TRGP #BREAKING #TRGP #Energy #FixedIncome

ALERT: Proceeds to repay commercial paper/other debt, fund capex or buybacks — but adds ~ $78M/year cash interest (≈$32.6M for 2031 + $45.4M for 2056) and longer-term leverage risk. $TRGP ⚠️ #HighYield #Debt #OilAndGas

Confirmed: Notes are senior unsecured, jointly guaranteed by subsidiaries under a supplemental indenture; offering registered on Form S-3. Trustee: U.S. Bank (underwriter affiliate). Next: deployment of proceeds per prospectus. 📄🔍 #Energy #Investing #TRGP

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