Targa Resources Partners and its subsidiary, Targa Resources Partners Finance, have issued senior notes worth $325 million, Reuters reports. The 6.875% senior notes will mature on Feb.1, 2021. The size of the note sale was increased from a previously planned $250 million. Deutsche Bank, Bank of America Merrill Lynch, Barclays, JP Morgan and RBS were the joint bookrunning managers for the sale. The proceeds from note sale will be used by the company to reduce borrowings under its senior secured credit facility, adds Globe Newswire.

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