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Targa Resources Corp. Prices $1.5 Billion Offering of Senior Notes

Targa Resources Corp. Prices $1.5 Billion Offering of Senior Notes Background Image

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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For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 12 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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