WASHINGTON (dpa-AFX) - Targa Resources Partners LP (NGLS) and its subsidiary Targa Resources Partners Finance Corp. on Thursday announced the pricing of $400 million of senior unsecured notes. The 6.375 percent notes mature August 2022 and were priced at 100 percent of the principal amount to yield 6.375 percent. The offering is expected to close on January 31. The Partnership plans to use the net proceeds from the offering to reduce borrowings under its senior secured credit facility and for general partnership purposes, which may include redeeming or repurchasing some of its outstanding notes, working capital and acquisitions.
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