New Issue- Targa Resources sells $325 mln notes
Jan 19 (Reuters) - Targa Resources Partners LP (NGLS.N) and Targa Resources Partners Finance Corp on Wednesday sold $325 million of senior notes in the 144a private placement market, said IFR, a Thomson Reuters service.
The size of the deal was increased from an originally planned $250 million.
Deutsche Bank, Bank of America Merrill Lynch, Barclays, JP Morgan and RBS were the joint bookrunning managers for the sale. BORROWER: TARGA RESOURCES PARTNERS LP/TARGA RESOURCES PARTNERS FINANCE CORP AMT $325 MLN COUPON 6.875 PCT MATURITY 2/1/2021 TYPE SR NTS ISS PRICE 100.00 FIRST PAY 8/1/2011 MOODY'S B1 YIELD 6.875 PCT SETTLEMENT 2/2/2011 S&P B-PLUS SPREAD 355 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YRS
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