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