Secondary Offering

Energy
Secondary Offering

Summary

Baird served as a co-manager in this offering.

About

Targa Resources Corp. (NYSE: TRGP) (the “Company”) recently completed a secondary offering of 6,497,500 shares of its common stock at $31.73 per share generating gross proceeds of approximately $206.1 million. The Company did not receive any proceeds from the offering as all of the shares were sold by existing stockholders.

Targa Resources Corp. owns general and limited partner interests, including incentive distribution rights ("IDRs"), in Targa Resources Partners LP (NYSE: NGLS), a publicly traded Delaware limited partnership that is a leading provider of midstream natural gas and natural gas liquid services in the United States. Targa Resources Partners LP is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting and selling natural gas liquids, or NGLs, and NGL products.

For additional information about this transaction, please contact:

Curtis Goot (314) 445-6540
Frank Murphy (314) 445-6532
Kjell Lundal (314) 445-6533
Energy
Secondary Offering
Date
April 2011
Company
Targa Resources Corp.
Transaction
M&A
Sectors
Energy
Target Location
North America

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