New Issue-Targa Resources Partners sells $250 mln notes

June 30 (Reuters) - Targa Resources Partners LP (NGLS.O)
on Tuesday sold $250 million of eight-year senior notes in the
144a private placement market, said IFR, a Thomson Reuters
service.

Barclays, Bank of America, Deutsche Bank, and RBS were the
joint bookrunning managers for the sale.
BORROWER: TARGA RESOURCES PARTNERS LP
AMT $250 MLN* COUPON 11.25 PCT MATURITY 7/15/2017
TYPE SR SEC NTS ISS PRICE 94.973 FIRST PAY 1/15/2010
MOODY'S B2 YIELD 12.25 PCT SETTLEMENT 7/06/2009
S&P SINGLE-B SPREAD 908 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YEARS**
*$237.4325 MLN PROCEEDS TO ISSUER
**MAKE-WHOLE CALL 50 BPS