Targa Resources Corp (TRGP) 2022-1

USD750.00010Feb-33Sr. UnsecuredBaa3BBB-BBB-FixedTsyT+215 aT+1901904.20%-99.81500
USD750.00030Apr-52Sr. UnsecuredBaa3BBB-BBB-FixedTsyT+265 aT+2452454.95%-99.33300
Tranche Comments
10 yr: Book size: 4100; First Pay: 2022-08-01; Registration: Registered; Comments: US$750m 4.20% cpn 10yr(2/1/33) at 99.815 , yld 4.222%. Spread:T+190bp. MWC T+30bp. LEI: 5493003QENHHS261UR94; 30 yr: Book size: 3400; First Pay: 2022-10-15; Registration: Registered; Comments: US$750m 4.95% cpn 30yr(4/15/52) at 99.333 , yld 4.993% . Spread: T+245bp. MWC T+40bp. LEI: 5493003QENHHS261UR94;
Deal Comments
Active Bookrunners: BAM(B&D), WFS, BRC, CTI. Passive Bookrunners: COS, JPM, MIZ, MUF, PNC, RBC, TDS, TRU
Use of Proceeds
To purchase or fund the redemption of 2026 Notes and repay outstanding amounts

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