Targa Resources Partners Closes Upsized $1B Offering of Senior Notes
Vinson & Elkins advised Targa Resources Partners LP (the “Partnership”), a subsidiary of Targa Resources Corp., and the Partnership’s subsidiary Targa Resources Partners Finance Corporation in connection with an upsized offering of $1.0 billion in aggregate principal amount of senior unsecured notes due 2031 (the “2031 Notes”). The 2031 Notes will accrue interest at a rate of 4.875% per annum, will mature on February 1, 2031, and were priced at par. The offering closed on August 18, 2020.
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