Targa Resources Partners LP Prices Public Offering of Series A Preferred Units

HOUSTON, Oct. 07, 2015 (GLOBE NEWSWIRE) -- Targa Resources Partners LP ("Targa Resources Partners" or the "Partnership") (NYSE:NGLS) announced today that it has priced an underwritten public offering of 4,400,000 of its 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units") at a price of $25.00 per unit. The Partnership has granted the underwriters a 30-day option to purchase up to an additional 660,000 Series A Preferred Units from the Partnership at the public offering price less the underwriting discount. Distributions on the Series A Preferred Units will be payable from and including the date of original issue to, but not...