Targa Resources Announces Closing of 45 Percent Interest Sale in Bakken Assets

Source Press Release
Company Targa Resources Corp.Blackstone GroupGSO Capital Partners LP 
Tags Corporate Deals, Deals, LNG & Gas Storage/Processing, Bakken, Pipelines/ tankers/ distribution
Date April 03, 2019

Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that it has closed on the sale of a 45 percent interest in Targa Badlands LLC, the entity that holds all of Targa’s assets in North Dakota, to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities (collectively, “Blackstone”) for $1.6 billion in cash.  

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