Targa Resources Partners Completes $530M Dropdown Acquisition

摘要

Targa Resources Partners LP completed its dropdown acquisition of its parent, Targa Resources Inc's natural gas liquids (NGLs) businesses for US$530 million. Terms call for the partnership to issue 8.5 million common units and 174,033 GP units to pay 25% of the transaction fee with the remaining $397.5 million being paid from cash on hand.