Targa Resources Partners LP and Targa Receivables LLC entered into the Seventeenth Amendment to the Receivables Purchase Agreement governing their accounts receivable securitization facility. The amendment extends the facility termination date to July 30, 2027 and establishes an uncommitted $200 million line. As of July 1, 2026, about $451 million of trade receivable purchases were outstanding under the facility. The changes are expected to bolster liquidity and support ongoing operations.
Agreement details:
- Agreement type: Amendment to accounts receivable securitization facility
- Counterparty: PNC Bank, as administrator and LC bank, and various purchasers and agents
- Signed / Effective: Jul 01 2026 / same
- Duration / Termination: Through Jul 30 2027
- Reason: Extend receivables facility and add $200 million uncommitted capacity
Original SEC Filing:
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