Total value of the transaction was approximately $247m, which reflects certain adjustments to the base purchase price, including an adjustment for cash acquired by Targa Resources Partners of $20m.
Consideration paid by Targa Resources Partners consisted almost entirely of cash funded through borrowings under its senior secured revolving credit facility.
Targa Resources Partners was formed by Targa Resources Inc to engage in the business of gathering, compressing, treating, processing and selling natural gas and fractionating and selling natural gas liquids and natural gas liquids products.
