In June 2013 the Partnership paid $106.4 million plus accrued interest to redeem $100 million of the outstanding 6⅜% senior unsecured notes due 2022.During the six months ended June 30, 2013, the Partnership issued 5,971,395 common units representing net proceeds of approximately $260.3 million from equity issuances under equity distribution agreements, which allow the Partnership to periodically issue equity at prevailing market prices, less a commission. TRC also contributed $5.4 million to maintain its 2% general partnership interest.
Targa Resources Partners LP And Targa Resources Corp. Report Second Quarter 2013 Financial Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.