Targa Resources Partners to repay some bank debt using notes proceeds

By Sara Rosenberg

New York, June 29 - Targa Resources Partners LP plans to reduce borrowings under its senior secured credit facility using proceeds from a $250 million senior unsecured notes offering, according to a news release.

Remaining proceeds will be used for general partnership purposes, including working capital and acquisitions.

Targa is a Houston-based natural gas company.

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