Targa Resources Partners, 9.00% Series A Fixed-to-Floating Cumulative Redeemable Perpetual Preferred Units

Coupon will be fixed at 9% until 11/01/2020 after which it will float at the rate of 1 month Libor plus a spread of 7.71%

This issue comes with a K-1 at tax time.





NGLS-A
TRGP
NA
10/07/2015
11/01/2020
None
4,400,000
660,000
9.00%
$25.00
Yes
No
0.1875
Pays Every Month
28
Pays Every Month
15
B+
C
Ba3