Targa refinances $250 million 8½% notes due 2013 with new facility

By Marisa Wong

Milwaukee, Dec. 4 - Targa Resources, Inc. plans to use proceeds from its new senior secured credit facility of up to $700 million to refinance its outstanding $250 million 8½% senior unsecured notes due 2013.

Based in Houston, Targa is a provider of midstream natural gas and natural gas liquid services.

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