Targa Resources Partners Prices Upsized $1B Offering of Senior Notes
Vinson & Elkins is serving as issuer’s counsel in connection with the pricing of an upsized offering of $1.0 billion in aggregate principal amount of senior unsecured notes due 2032 (the “2032 Notes”) by Targa Resources Partners LP (the “Partnership”), a subsidiary of Targa Resources Corp., and the Partnership’s subsidiary Targa Resources Partners Finance Corporation. The 2032 Notes will accrue interest at a rate of 4% per annum, will mature on January 15, 2032, and were priced at par. The offering is expected to close on February 2, 2021, subject to customary closing conditions.
The V&E corporate team was led by partner Thomas Zentner and counsel Dan Spelkin with assistance from senior associate Bo Shi and associates Jordan Fossee, Farah Chranya and Carmen Guidry. Also advising were partners James Meyer and Wendy Salinas and associate David Gilbert, as well as counsel Larry Pechacek.
About Vinson & Elkins
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 11 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.
For more information, please speak with our media contacts.