Targa Resources Corp. (NYSE: TRGP) priced a public offering of about 3.2 million common shares, the company said March 12. They were priced at $91 each, the company added.
Barclays Capital Inc, the underwriter, was granted a monthlong option to purchase 487,500 additional shares.
Net proceeds of about $292.3 million will repay some credit facility borrowings and support general corporate purposes.
Houston-based Targa Resources Corp. is a midstream service provider.
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