By Houston Business Journal

Targa Resources Partners LP is selling 8 million units in a public offering for $33.67 per unit.

The Houston-based natural gas company plans to use net proceeds from the offering to pay down debt and for general partnershp purposes.

Targa (NYSE: NGLS) has granted underwriters an additional 1.2 million units to cover any over-allotments.

The company has 75.5 million units outstanding.

Shares closed at $34.80 on Jan. 18.

Copyright 2011 American City Business Journals

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