Targa Resources Corp. (TRGP) announced that it intends to launch syndication of a $430 million senior secured term loan maturing seven years after closing.
The company said it expects to use the net proceeds from the term loan issuance, in conjunction with a $670 million revolving credit facility, to finance, in part, the proposed acquisition of Atlas Energy, L.P. following the spin-off of its non-midstream assets. The company also intends to pay related fees and expenses and refinance existing indebtedness.
For comments and feedback contact: editorial@rttnews.com
Business News