Targa Resources Partners LP 9% Series A Fixed to Floating Rate Cumulative Redeemable Perpetual Preferred Units

By: ,

Date Issued   10/7/2015

Shares Issued  4,400,000   Overallotment Shares  660,000

S&P Rating   NR   Moodys Rating   NR

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Security Ticker Symbol   NGLS-A  OTC Temp Ticker  TGARP

Market Traded ON   NYSE

Distribution Payment Paid on the 15th of each month beginning on 11/15/2015

Monthly Distribution   .1875  Annual Distribution   2.25

After 11/1/2020 the distribution rate will be floating at 7.71% plus 1 month libor.

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Securities may be redeemed, at the issuers option, as early as 11/01/2020  the call price is $25 plus accrued distributions

Dividend Payment will NOT be Qualified Distributions

Maturity Date   None

This issue will generate a K-1 tax document.

 

Company Investor Relations Page for Targa Resources Partners

Below you can find the offering Prospectus

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