Targa Resources Corp. Prices $1.5 Billion Offering of Senior Notes
Vinson & Elkins advised Targa Resources Corp. in an underwritten public offering of $750 million aggregate principal amount of its 4.200% senior notes due 2033 and $750 million aggregate principal amount of its 4.950% senior notes due 2052 at a price to the public of 99.815% and 99.333%, respectively, of their face value.
The deal is expected to close on April 6, 2022, subject to customary closing conditions.
The V&E corporate team was led by partners Thomas Zentner and David Stone and counsel Jessica Lewis, with assistance from associates Nate Richards and John Frey. Also advising were senior associate Caitlin Snelson and associate Taylor Daily; partner Jim Meyer and associate Adam Bateman; counsel Larry Pechacek; and partner Damien Lyster and senior associate Victoria Galvez Godfrey.
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