BB&T Capital Markets Serves as Co-Manager for Targa Resources Group’s $500 Million Offering of 5.375% Senior Notes due 2027
On September 22, 2016, BB&T Capital Markets served as a co-manager for a $500 million offering of 5.375% senior notes due 2027 by Targa Resources Corp.
Proceeds from this offering, if needed, are being used to fund the purchase of Tender Notes in the Tender Offers. To the extent that the Tender Offers are not completed or the net proceeds of this offering exceed the amount needed to fund the Tender Offers, the remaining net proceeds will be used for general partnership purposes.
About the Companies
Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; as well as crude oil and refined petroleum products. The company also purchases and resells component NGL products.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.