POSASR 1 d575471dposasr.htm POSASR POSASR

As filed with the Securities and Exchange Commission on November 6, 2023

Registration No. 333-263730

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

POST-EFFECTIVE AMENDMENT NO. 2 TO

Form S-3

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

Targa Resources Corp.*

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   20-3701075

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification Number)

811 Louisiana St, Suite 2100

Houston, Texas 77002

(713) 584-1000

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

 

Jennifer R. Kneale

Chief Financial Officer

Targa Resources Corp.

811 Louisiana St, Suite 2100

(713) 584-1000

(Address, including zip code, and telephone number, including area code, of agent for service)

 

 

Copies to:

Michael S. Telle

Benjamin R. Barron

Vinson & Elkins L.L.P.

845 Texas Avenue, Suite 4700

Houston, Texas 77002

(713) 758-2222

 

 

Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this registration statement, as determined by the registrant.

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box.  ☐

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box.  ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  ☐

If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box.  ☒

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box.  ☒

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer      Accelerated filer  
Non-accelerated filer      Smaller reporting company  
     Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act.  ☐

 

 

 


*ADDITIONAL SUBSIDIARY GUARANTOR REGISTRANTS

 

Exact Name of Registrant as Specified in Its Charter

   State or Other
Jurisdiction of
Incorporation or
Organization
   I.R.S. Employer
Identification
Number
 
Arkoma Newco LLC    Delaware      92-1379214  
Delaware-Permian Pipeline LLC    Delaware      92-0344720  
FCPP Pipeline, LLC    Delaware      81-4620793  
Flag City Processing Partners, LLC    Delaware      45-4536737  
Grand Prix Development LLC    Delaware      82-4248022  
Grand Prix Pipeline LLC    Delaware      82-2553325  
Lasso Acquiror LLC    Delaware      35-2760452  
Midland-Permian Pipeline LLC    Delaware      32-0665094  
Setting Sun Pipeline Corporation    Delaware      76-0000329  
Slider WestOk Gathering, LLC    Delaware      26-3063706  
T2 Eagle Ford Gathering Company LLC    Delaware      90-0795641  
T2 Gas Utility LLC    Texas      45-4567824  
T2 LaSalle Gas Utility LLC    Texas      38-3901043  
T2 LaSalle Gathering Company LLC    Delaware      32-0404177  
TPL Arkoma Midstream LLC    Delaware      27-3677594  
TPL Gas Treating LLC    Delaware      27-0592931  
TPL SouthTex Gas Utility Company LP    Texas      20-8721344  
TPL SouthTex Midstream Holding Company LP    Texas      20-8721377  
TPL SouthTex Midstream LLC    Delaware      27-0350291  
TPL SouthTex Pipeline Company LLC    Texas      20-8721079  
TPL SouthTex Processing Company LP    Texas      45-2502762  
TPL SouthTex Transmission Company LP    Texas      80-0920148  
Targa Capital LLC    Delaware      47-5202637  
Targa Cayenne LLC    Delaware      30-1289099  
Targa Chaney Dell LLC    Delaware      42-1733101  
Targa Cogen LLC    Delaware      32-0374075  
Targa Condensate Marketing LLC    Delaware      92-2675547  
Targa Delaware LLC    Delaware      46-5187832  
Targa Delaware QOF LLC    Delaware      88-4406577  
Targa Delaware QOZB LLC    Delaware      92-1403993  
Targa Downstream LLC    Delaware      20-4036406  
Targa Energy GP LLC    Delaware      20-3953748  
Targa Energy LP    Delaware      43-2094238  
Targa Frio LaSalle GP LLC    Texas      30-0839882  
Targa Frio LaSalle Pipeline LP    Texas      30-0839792  
Targa GP Inc.    Delaware      20-4036018  
Targa Gas Marketing LLC    Delaware      11-3762680  
Targa Gas Pipeline LLC    Delaware      47-5226023  
Targa Gas Processing LLC    Delaware      47-5214458  
Targa Gulf Coast NGL Pipeline LLC    Delaware      85-3106380  
Targa Intrastate Pipeline LLC    Delaware      76-0634836  
Targa LA Holdings LLC    Delaware      36-5004821  
Targa LA Operating LLC    Delaware      32-0673105  
Targa LP Inc.    Delaware      20-4036097  
Targa Liquids Marketing and Trade LLC    Delaware      80-0509623  
Targa Louisiana Intrastate LLC    Delaware      02-0719902  
Targa MLP Capital LLC    Delaware      47-5196204  
Targa Midkiff LLC    Delaware      42-1733099  
Targa Midland Crude LLC    Delaware      84-4825632  
Targa Midland LLC    Delaware      47-1295529  
Targa Midstream Services LLC    Delaware      76-0507891  
Targa NGL Pipeline Company LLC    Delaware      73-1175068  
Targa Northern Delaware LLC    Delaware      30-0938715  
Targa Permian Condensate Pipeline LLC    Delaware      61-2009400  
Targa Pipeline Mid-Continent Holdings LLC    Delaware      45-5528668  
Targa Pipeline Mid-Continent LLC    Delaware      37-1492980  
Targa Pipeline Mid-Continent WestOk LLC    Delaware      42-1733110  


Exact Name of Registrant as Specified in Its Charter

   State or Other
Jurisdiction of
Incorporation or
Organization
   I.R.S. Employer
Identification
Number
 
Targa Pipeline Mid-Continent WestTex LLC    Delaware      42-1733107  
Targa Pipeline Operating Partnership LP    Delaware      23-3015646  
Targa Pipeline Partners GP LLC    Delaware      25-1848762  
Targa Pipeline Partners LP    Delaware      23-3011077  
Targa Resources Finance Corporation    Delaware      20-3673840  
Targa Resources GP LLC    Delaware      65-1295429  
Targa Resources LLC    Delaware      14-1904332  
Targa Resources Operating GP LLC    Delaware      64-0949235  
Targa Resources Operating LLC    Delaware      64-0949238  
Targa Resources Partners LP    Delaware      65-1295427  
Targa Rich Gas Services GP LLC    Texas      35-2535172  
Targa Rich Gas Services LP    Texas      26-2090219  
Targa Rich Gas Utility GP LLC    Texas      61-1763280  
Targa Rich Gas Utility LP    Texas      30-0873644  
Targa SouthOk NGL Pipeline LLC    Oklahoma      81-5175251  
Targa SouthTex CCNG Gathering Ltd.    Texas      75-2659553  
Targa SouthTex Energy GP LLC    Delaware      27-0364246  
Targa SouthTex Energy LP LLC    Delaware      27-0364304  
Targa SouthTex Energy Operating LLC    Delaware      90-0819605  
Targa SouthTex Gathering Ltd.    Texas      27-0587233  
Targa SouthTex Midstream Company LP    Texas      20-8721274  
Targa SouthTex Midstream Marketing Company Ltd.    Texas      27-0463313  
Targa SouthTex Midstream T/U GP LLC    Texas      61-1723754  
Targa SouthTex Midstream Utility LP    Texas      26-4023706  
Targa SouthTex Mustang Transmission Ltd.    Texas      74-2704531  
Targa SouthTex NGL Pipeline Ltd.    Texas      27-0463214  
Targa SouthTex Processing LLC    Delaware      45-2460672  
Targa Southern Delaware LLC    Delaware      81-3833768  
Targa Train 6 LLC    Delaware      82-4025014  
Targa Train 8 LLC    Delaware      83-1179228  
Targa Train 9 LLC    Delaware      88-3136823  
Targa Transport LLC    Delaware      37-1589340  
Velma Gas Processing Company, LLC    Delaware      45-1543387  
Velma Intrastate Gas Transmission Company, LLC    Delaware      26-2877615  
Versado Gas Processors, L.L.C.    Delaware      76-0571936  


EXPLANATORY NOTE

This Post-Effective Amendment No. 2 to the Registration Statement on Form S-3 (Registration No. 333-263730) (as amended, the “Registration Statement”) is being filed for the purpose of (i) adding additional subsidiary guarantor registrants (the “New Guarantors”) as additional registrants under the Registration Statement, (ii) registering guarantees of debt securities by such New Guarantors as additional securities that may be offered under the prospectus that already forms a part of the Registration Statement and (iii) filing additional exhibits to the Registration Statement. No changes or additions are being made hereby to the base prospectus that already forms a part of the Registration Statement. Accordingly, the base prospectus is omitted from this filing.


PART II

INFORMATION NOT REQUIRED IN PROSPECTUS

 

Item 14.

Other Expenses of Issuance and Distribution

Set forth below are the expenses (other than underwriting discounts and commissions) expected to be incurred in connection with the issuance and distribution of the securities registered hereby.

 

Securities and Exchange Commission registration fee

     *  

Legal fees and expenses

     **  

Accounting fees and expenses

     **  

Printing and engraving expenses

     **  

Transfer agent and registrar fees

     **  

Trustee fees and expenses

     **  

Miscellaneous

     **  
  

 

 

 

Total

        **  
  

 

 

 

 

*

The registrant is deferring payment of the registration fee in reliance on Rule 456(b) and Rule 457(r).

**

These fees are calculated based on the number of issuances and amount of securities offered and accordingly cannot be estimated at this time.

 

Item 15.

Indemnification of Directors and Officers

Our bylaws provide that a director will not be liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability (1) for any breach of the director’s duty of loyalty to the corporation or its stockholders, (2) for acts or omissions not in good faith or which involved intentional misconduct or a knowing violation of the law, (3) under section 174 of the General Corporation Law of the State of Delaware (the “DGCL”) for unlawful payment of dividends or improper redemption of stock or (4) for any transaction from which the director derived an improper personal benefit. In addition, if the DGCL is amended to authorize the further elimination or limitation of the liability of directors, then the liability of a director of the corporation, in addition to the limitation on personal liability provided for in our amended and restated certificate of incorporation, will be limited to the fullest extent permitted by the amended DGCL. Our bylaws further provide that the corporation will indemnify, and advance expenses to, any officer or director to the fullest extent authorized by the DGCL.

Section 145 of the DGCL provides that a corporation may indemnify directors and officers as well as other employees and individuals against expenses, including attorneys’ fees, judgments, fines and amounts paid in settlement in connection with specified actions, suits and proceedings whether civil, criminal, administrative, or investigative, other than a derivative action by or in the right of the corporation, if they acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe their conduct was unlawful. A similar standard is applicable in the case of derivative actions, except that indemnification extends only to expenses, including attorneys’ fees, incurred in connection with the defense or settlement of such action and the statute requires court approval before there can be any indemnification where the person seeking indemnification has been found liable to the corporation. The statute provides that it is not exclusive of other indemnification that may be granted by a corporation’s certificate of incorporation, bylaws, disinterested director vote, stockholder vote, agreement or otherwise.

The limited liability company agreement, limited partnership agreement or bylaws, as applicable of each of our subsidiary guarantors provides for the indemnification of (i) present or former members of the board of directors or managers of the applicable subsidiary guarantor or any committee thereof, (ii) present or former officers, employees, partners, agents or trustees of the applicable subsidiary guarantor or (iii) persons serving at the request of the applicable subsidiary guarantor in another entity in a similar capacity as that referred to in the immediately preceding clauses (i) or (ii) (each, a “Subsidiary Indemnitee”) to the fullest extent permitted by law, from and against any and all losses, claims, damages, liabilities, joint or several, expenses (including reasonable legal fees and expenses), judgments, fines, penalties, interest, settlements and other amounts arising from any and all claims,

 

II-1


demands, actions, suits or proceedings, whether civil, criminal, administrative or investigative, in which any such person may be involved, or is threatened to be involved, as a party or otherwise, by reason of such person’s status as a Subsidiary Indemnitee; provided, that in each case the Subsidiary Indemnitee acted in good faith and in a manner that such Subsidiary Indemnitee believed to be in, or not opposed to, the best interests of the applicable subsidiary guarantor and, with respect to any criminal proceeding, had no reasonable cause to believe such Subsidiary Indemnitee’s conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that the Subsidiary Indemnitee acted in a manner contrary to that specified above. Any indemnification pursuant to these provisions shall be made only out of the assets of the applicable subsidiary guarantor. Each subsidiary guarantor is authorized to purchase and maintain insurance, on behalf of the members of its respective board of directors or managers, as the case may be, its officers and such other persons as its respective board of directors or managers, as the case may be, may determine, against any liability that may be asserted against or expense that may be incurred by such person in connection with the activities of the applicable subsidiary guarantor, regardless of whether the applicable subsidiary guarantor would have the power to indemnify such person against such liability under the provisions of its limited liability company agreement, limited partnership agreement or bylaws, as applicable.

Each of Section 17-108 of the Delaware Limited Partnership Act and Section 18-108 of the Delaware Limited Liability Company Act, respectively, provides that, subject to such standards and restrictions, if any, as are set forth in the governing document of a Delaware entity, such Delaware entity may, and has the power to, indemnify and hold harmless any partner, or member or manager, as applicable, or other person from and against any and all claims and demands whatsoever.

Section 8.051 of the Texas Business Organizations Code (the “TBOC”) provides that a Texas entity must indemnify a governing person, former governing person, delegate or other person in connection with a proceeding in which the person is a respondent because such person’s title with such entity if the person is wholly successful in defense of the proceeding or if a court determines that such person is entitled to indemnification under the TBOC. Section 8.101 of the TBOC provides that, subject to such standards and restrictions as provided in the TBOC and in the governing documents of the applicable entity, if any, a Texas entity may, and has the power to, indemnify any governing person, former governing person, delegate or other person from and against certain claims and demands as further described in the TBOC.

Section 2017 of the Oklahoma Limited Liability Company Act (“OKLLCA”) provides that, subject to certain exceptions, the articles of organization or operating agreement of an Oklahoma limited liability company may eliminate or limit the personal liability of a member or manager for monetary damages for breach of certain duties as provided for in the OKLLCA and provide for indemnification of a member or manager for judgments, settlements, penalties, fines or expenses incurred in any proceeding because the person is or was a member or manager. Section 2003 of the OKLLCA further provides that any Oklahoma limited liability company may indemnify and hold harmless any member, agent, or employee from and against any and all claims and demands whatsoever, except in the case of action or failure to act by the member, agent, or employee that constitutes willful misconduct or recklessness, and subject to the standards and restrictions, if any, set forth in the articles of organization or operating agreement of such Oklahoma limited liability company.

We have entered into Indemnification Agreements (each, an “Indemnification Agreement”) with each director and officer of Targa Resources Corp. and certain other former directors (each, an “Indemnitee”). Each Indemnification Agreement provides that we will indemnify and hold harmless each Indemnitee for Expenses (as defined in the Indemnification Agreement) to the fullest extent permitted or authorized by law in effect on the date of the agreement or as it may be amended to provide more advantageous rights to the Indemnitee. If such indemnification is unavailable as a result of a court decision and if we and the Indemnitee are jointly liable in the proceeding, we will contribute funds to the Indemnitee for his Expenses in proportion to relative benefit and fault of us and the Indemnitee in the transaction giving rise to the proceeding.

Each Indemnification Agreement also provides that we will indemnify the Indemnitee for monetary damages for actions taken as a director or officer of us, or for serving at our request as a director or officer or another position at another corporation or enterprise, as the case may be but only if (i) the Indemnitee acted in good faith and, in the case of conduct in his official capacity, in a manner he reasonably believed to be in the best interests of us and, in all other cases, not opposed to the best interests of us and (ii) in the case of a criminal proceeding, the Indemnitee must have had no reasonable cause to believe that his conduct was unlawful. The Indemnification Agreement also provides that we must advance payment of certain Expenses to the Indemnitee, including fees of counsel, subject to receipt of an undertaking from the Indemnitee to return such advance if it is ultimately determined that the Indemnitee is not entitled to indemnification.

 

II-2


ITEM 16.

Exhibits and Financial Statement Schedules

(a) Exhibits

The exhibits listed on the accompanying Exhibit Index are filed or incorporated by reference as part of this Registration Statement, and such Exhibit Index is incorporated herein by reference.

 

ITEM 17.

Undertakings

The undersigned registrant hereby undertakes:

 

1.

To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

 

  (i)

To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933 (the “Securities Act”);

 

  (ii)

To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Securities and Exchange Commission (the “Commission”) pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and

 

  (iii)

To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

provided, however, that paragraphs (1)(i), (1)(ii) and (1)(iii) above do not apply if the registration statement is on Form S-3 and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.

 

2.

That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

3.

To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

 

4.

That, for the purpose of determining liability under the Securities Act to any purchaser:

 

  (i)

Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

 

  (ii)

Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus

 

II-3


is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.

 

5.

That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this Registration Statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

 

  (i)

Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

 

  (ii)

Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

 

  (iii)

The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

 

  (iv)

Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

 

6.

For purposes of determining any liability under the Securities Act, each filing of the registrant’s annual report pursuant to section 13(a) or section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

7.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the U.S. Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

 

II-4


Exhibit Index

 

Exhibit
Number
      

Description

1.1**      Form of Underwriting Agreement
3.1      Amended and Restated Certificate of Incorporation of Targa Resources Corp. (incorporated by reference to Exhibit 3.1 to Targa Resources Corp.’s Current Report on Form 8-K filed December 16, 2010 (File No. 001-34991)).
3.2      Certificate of Amendment to the Amended and Restated Certificate of Incorporation of Targa Resources Corp. (incorporated by reference to Exhibit 3.1 to Targa Resources Corp.’s Current Report on Form 8-K filed May 26, 2021 (File No. 001-34991)).
3.3      Certificate of Designations of Series A Preferred Stock of Targa Resources Corp., filed with the Secretary of State of the State of Delaware on March 16, 2016 (incorporated by reference to Exhibit 3.1 to Targa Resources Corp.’s Current Report on Form 8-K/A filed March 17, 2016 (File No. 001-34991)).
3.4      Second Amended and Restated Bylaws of Targa Resources Corp. (incorporated by reference to Exhibit 3.4 to Targa Resources Corp.’s Quarterly Report on Form 10-Q filed May 5, 2022 (File No. 001-34991)).
4.1      Specimen Common Stock Certificate (incorporated by reference to Exhibit 4.1 to Targa Resources Corp.’s Registration Statement on Form S-1/A filed November 12, 2010 (File No. 333-169277)).
4.2      Registration Rights Agreement, dated March  16, 2016, by and among Targa Resources Corp. and the purchasers named on Schedule A thereto (incorporated by reference to Exhibit 4.1 to Targa Resources Corp.’s Current Report on Form 8-K/A filed March 17, 2016 (File No. 001-34991)).
4.3      Amendment No. 1 to the Registration Rights Agreement dated March 16, 2016, dated September  13, 2016, among Targa Resources Corp. and Stonepeak Target Holdings, LP and Stonepeak Target Upper Holdings LLC (incorporated by reference to Exhibit 4.3 to Targa Resources Corp.’s Quarterly Report on Form 10-Q filed November 4, 2016 (File No. 001-34991)).
4.4      Registration Rights Agreement, dated March  16, 2016, by and among Targa Resources Corp. and the purchasers named on Schedule A thereto (incorporated by reference to Exhibit 4.2 to Targa Resources Corp.’s Current Report on Form 8-K/A filed March 17, 2016 (File No. 001-34991)).
4.5      Amendment No. 1 to the Registration Rights Agreement dated March 16, 2016, dated September  13, 2016, among Targa Resources Corp. and Stonepeak Target Holdings, LP and Stonepeak Target Upper Holdings LLC (incorporated by reference to Exhibit 4.2 to Targa Resources Corp.’s Quarterly Report on Form 10-Q filed November 4, 2016 (File No. 001-34991)).
4.6      Indenture, dated as of April  6, 2022, among Targa Resources Corp., as issuer, the guarantors named therein and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.1 to Targa Resources Corp.’s Current Report on Form 8-K filed April 6, 2022 (File No. 001-34991)).
4.7      First Supplemental Indenture, dated as of April  6, 2022, among Targa Resources Corp., as issuer, the guarantors named therein and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.2 to Targa Resources Corp.’s Current Report on Form 8-K filed April 6, 2022 (File No. 001-34991)).
4.8      Second Supplemental Indenture, dated as of June  22, 2022, among Targa Resources Corp., as issuer, the guarantors named therein and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.9 to Targa Resources Corp.’s Post-Effective Amendment No.  1 to Form S-3 filed June 22, 2022 (Registration No. 333-263730)).
4.9      Third Supplemental Indenture, dated as of July  7, 2022, among Targa Resources Corp., as issuer, the guarantors named therein and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.2 to Targa Resources Corp.’s Current Report on Form 8-K filed July 7, 2022 (File No. 001-34991)).
4.10      Fifth Supplemental Indenture, dated as of January  9, 2023, among Targa Resources Corp., as issuer, the guarantors named therein and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.2 to Targa Resources Corp.’s Current Report on Form 8-K filed January 9, 2023 (File No. 001-34991)).

 

II-5


Exhibit
Number
      

Description

4.11      Sixth Supplemental Indenture, dated as of April  12, 2023, among Targa Resources Corp., as issuer, the guarantors named therein and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.4 to Targa Resources Corp.’s Quarterly Report on Form 10-Q filed May 4, 2023 (File No. 001-34991)).
4.12**      Form of Debt Securities.
4.13**      Form of Preferred Stock Designation.
4.14**      Form of Warrant Agreement.
4.15**      Form of Deposit Agreement.
4.16**      Form of Unit Agreement (including Form of Unit).
5.1      Opinion of Vinson & Elkins L.L.P. as to the legality of the securities registered hereby.
23.1*      Consent of PricewaterhouseCoopers LLP (incorporated by reference to Exhibit 23.1 to Targa Resources Corp.’s Annual Report on Form 10-K filed February 22, 2023 (File No. 001-34991)).
23.2*      Consent of PricewaterhouseCoopers LLP (incorporated by reference to Exhibit 23.1 to Targa Resources Corp.’s Current Report on Form 8-K/A filed October 11, 2022 (File No. 001-34991)).
23.3      Consent of Vinson & Elkins L.L.P. (contained in Exhibit 5.1).
24.1*      Powers of Attorney of Targa Resources Corp. and Additional Subsidiary Guarantor Registrants included in the originally filed Registration Statement (included on the signature pages of the originally filed Registration Statement).
24.2*      Powers of Attorney of Additional Subsidiary Guarantor Registrants added pursuant to Post-Effective Amendment No.  1 to this Registration Statement (included on the signature pages of Post-Effective Amendment No. 1 to this Registration Statement).
24.3      Powers of Attorney of New Guarantors being added pursuant to this Post-Effective Amendment No. 2 (included on the signature pages of this Registration Statement).
25.1      Form T-1 Statement of Eligibility and Qualification respecting the Indenture.
107      Filing fee table.

 

*

Previously filed.

**

To be filed as an exhibit to a report pursuant to Section 13(a) or 15(d) of the Exchange Act or in a post-effective amendment to this Registration Statement.

 

II-6


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Houston, in the State of Texas, on November 6, 2023.

 

TARGA RESOURCES CORP.
By:  

/s/ Jennifer R. Kneale

Name:   Jennifer R. Kneale
Title:   Chief Financial Officer
  (Principal Financial Officer)

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed on November 6, 2023 by the following persons in the capacities:

 

Name

  

Title

*

   Chief Executive Officer and Director
Matthew J. Meloy    (Principal Executive Officer)

/s/ Jennifer R. Kneale

   Chief Financial Officer
Jennifer R. Kneale    (Principal Financial Officer)

*

   Senior Vice President and Chief Accounting Officer
Julie H. Boushka    (Principal Accounting Officer)

*

   Chairman of the Board
Paul W. Chung    and Director

*

   Director
Beth A. Bowman   

*

   Director
Lindsey M. Cooksen   

*

   Director
Charles R. Crisp   

*

   Director
Waters S. Davis, IV   

*

   Director
Robert B. Evans   

*

   Director
Laura C. Fulton   

*

   Director
Rene R. Joyce   

 

II-7


Name

  

Title

*

   Director
Joe Bob Perkins   

*

   Director
Ershel C. Redd Jr.   

 

*By:  

/s/ Jennifer R. Kneale

  Jennifer R. Kneale, Attorney-in-fact

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, each registrant below certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Houston, in the State of Texas, on November 6, 2023.

 

FCPP PIPELINE, LLC
FLAG CITY PROCESSING PARTNERS, LLC
GRAND PRIX DEVELOPMENT LLC
MIDLAND-PERMIAN PIPELINE LLC
T2 EAGLE FORD GATHERING COMPANY LLC
T2 LASALLE GATHERING COMPANY LLC
TARGA CAPITAL LLC
TARGA CAYENNE LLC
TARGA COGEN LLC
TARGA DELAWARE LLC
TARGA DOWNSTREAM LLC
TARGA ENERGY GP LLC
TARGA FRIO LASALLE GP LLC
TARGA GAS MARKETING LLC
TARGA GAS PIPELINE LLC
TARGA GAS PROCESSING LLC
TARGA GP INC.
TARGA GULF COAST NGL PIPELINE LLC
TARGA LA HOLDINGS LLC
TARGA LA OPERATING LLC
TARGA LIQUIDS MARKETING AND TRADE LLC
TARGA LOUISIANA INTRASTATE LLC
TARGA LP INC.
TARGA MIDLAND CRUDE LLC
TARGA MIDLAND LLC
TARGA MIDSTREAM SERVICES LLC
TARGA MLP CAPITAL LLC
TARGA PERMIAN CONDENSATE PIPELINE LLC
TARGA PIPELINE PARTNERS GP LLC

 

II-8


TARGA RESOURCES FINANCE CORPORATION
TARGA RESOURCES GP LLC
TARGA RESOURCES LLC
TARGA RESOURCES OPERATING GP LLC
TARGA RESOURCES OPERATING LLC
TARGA RICH GAS SERVICES GP LLC
TARGA RICH GAS UTILITY GP LLC
TARGA SOUTHERN DELAWARE LLC
TARGA SOUTHTEX ENERGY GP LLC
TARGA SOUTHTEX ENERGY LP LLC
TARGA SOUTHTEX ENERGY OPERATING LLC
TARGA SOUTHTEX MIDSTREAM T/U GP LLC
TARGA SOUTHTEX PROCESSING LLC
TARGA TRAIN 6 LLC
TARGA TRAIN 8 LLC
VERSADO GAS PROCESSORS, L.L.C.

 

        By:  

/s/ Jennifer R. Kneale

        Name:   Jennifer R. Kneale
        Title:   Chief Financial Officer
  (Principal Financial Officer)

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed on November 6, 2023 by the following persons in the capacities:

 

Name

  

Title

*

   Chief Executive Officer
Matthew J. Meloy    (Principal Executive Officer)

/s/ Jennifer R. Kneale

   Chief Financial Officer and Director or Manager
Jennifer R. Kneale    (Principal Financial Officer)

*

   Senior Vice President and Chief Accounting Officer
Julie H. Boushka    (Principal Accounting Officer)

*

   Director or Manager
Regina L. Gregory   

 

*By:  

/s/ Jennifer R. Kneale

  Jennifer R. Kneale, Attorney-in-fact

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, each registrant below certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Houston, in the State of Texas, on November 6, 2023.

 

II-9


TARGA RESOURCES PARTNERS LP
By: Targa Resources GP LLC, its general partner
      By:  

/s/ Jennifer R. Kneale

      Name:   Jennifer R. Kneale
      Title:   Chief Financial Officer
  (Principal Financial Officer)

 

TARGA ENERGY LP
By: Targa Energy GP LLC, its general partner
      By:  

/s/ Jennifer R. Kneale

      Name:   Jennifer R. Kneale
      Title:   Chief Financial Officer
  (Principal Financial Officer)

 

TARGA RICH GAS SERVICES LP
By: Targa Rich Gas Services GP LLC, its general partner
      By:  

/s/ Jennifer R. Kneale

      Name:   Jennifer R. Kneale
      Title:   Chief Financial Officer
  (Principal Financial Officer)
TARGA SOUTHTEX MIDSTREAM UTILITY LP
By: Targa SouthTex Midstream T/U GP LLC, its general partner
      By:  

/s/ Jennifer R. Kneale

      Name:   Jennifer R. Kneale
      Title:   Chief Financial Officer
  (Principal Financial Officer)
TARGA FRIO LASALLE PIPELINE LP
By: Targa Frio LaSalle GP LLC, its general partner
      By:  

/s/ Jennifer R. Kneale

      Name:   Jennifer R. Kneale
      Title:   Chief Financial Officer
  (Principal Financial Officer)

 

II-10


TARGA SOUTHTEX MUSTANG TRANSMISSION LTD.

TARGA SOUTHTEX CCNG GATHERING LTD.

TARGA SOUTHTEX MIDSTREAM MARKETING COMPANY LTD.

TARGA SOUTHTEX NGL PIPELINE LTD.

TARGA SOUTHTEX GATHERING LTD.

By: Targa SouthTex Energy GP LLC, its general partner
      By:  

/s/ Jennifer R. Kneale

      Name:   Jennifer R. Kneale
      Title:   Chief Financial Officer
  (Principal Financial Officer)
TARGA RICH GAS UTILITY LP
By: Targa Rich Gas Utility GP LLC, its general partner
      By:  

/s/ Jennifer R. Kneale

      Name:   Jennifer R. Kneale
      Title:   Chief Financial Officer
  (Principal Financial Officer)

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed on November 6, 2023 by the following persons in the capacities:

 

Name

  

Title

*

   Chief Executive Officer of each general partner
Matthew J. Meloy    (Principal Executive Officer)

/s/ Jennifer R. Kneale

   Chief Financial Officer and Director of each general partner
Jennifer R. Kneale    (Principal Financial Officer)

*

   Senior Vice President and Chief Accounting Officer of each general partner
Julie H. Boushka    (Principal Accounting Officer)

*

   Director of each general partner
Regina L. Gregory   

 

*By:  

/s/ Jennifer R. Kneale

  Jennifer R. Kneale, Attorney-in-fact

 

II-11


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, each registrant below certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Houston, in the State of Texas, on November 6, 2023.

 

SLIDER WESTOK GATHERING, LLC

TARGA CHANEY DELL LLC

TARGA MIDKIFF LLC

TARGA PIPELINE MID-CONTINENT HOLDINGS LLC

TARGA PIPELINE MID-CONTINENT LLC

TARGA PIPELINE OPERATING PARTNERSHIP LP

TARGA PIPELINE PARTNERS LP

TARGA SOUTHTEX MIDSTREAM COMPANY LP

TPL ARKOMA MIDSTREAM LLC

TPL GAS TREATING LLC

TPL SOUTHTEX GAS UTILITY COMPANY LP

TPL SOUTHTEX MIDSTREAM HOLDING COMPANY LP

TPL SOUTHTEX MIDSTREAM LLC

TPL SOUTHTEX PIPELINE COMPANY LLC

TPL SOUTHTEX PROCESSING COMPANY LP

TPL SOUTHTEX TRANSMISSION COMPANY LP

VELMA GAS PROCESSING COMPANY, LLC

VELMA INTRASTATE GAS TRANSMISSION COMPANY, LLC

By:   Targa Pipeline Partners GP LLC, the ultimate general partner
      By:  

/s/ Jennifer R. Kneale

      Name:   Jennifer R. Kneale
      Title:   Chief Financial Officer
  (Principal Financial Officer)

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed on November 6, 2023 by the following persons in the capacities:

 

Name

  

Title

*

   Chief Executive Officer of the ultimate general partner
Matthew J. Meloy    (Principal Executive Officer)

/s/ Jennifer R. Kneale

   Chief Financial Officer and Director of the ultimate general partner
Jennifer R. Kneale    (Principal Financial Officer)

*

   Senior Vice President and Chief Accounting Officer of the ultimate general partner
Julie H. Boushka    (Principal Accounting Officer)

*

   Director of the ultimate general partner
Regina L. Gregory   

 

*By:  

/s/ Jennifer R. Kneale

  Jennifer R. Kneale, Attorney-in-fact

 

II-12


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, each registrant below certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Houston, in the State of Texas, on November 6, 2023.

 

TARGA INTRASTATE PIPELINE LLC
By: Targa Midstream Services LLC, its sole member
      By:  

/s/ Jennifer R. Kneale

      Name:   Jennifer R. Kneale
      Title:   Chief Financial Officer
  (Principal Financial Officer)
TARGA NGL PIPELINE COMPANY LLC
By: Targa Downstream LLC, its sole member
      By:  

/s/ Jennifer R. Kneale

      Name:   Jennifer R. Kneale
      Title:   Chief Financial Officer
  (Principal Financial Officer)
TARGA SOUTHOK NGL PIPELINE LLC
By: Targa NGL Pipeline Company LLC, its sole member
By: Targa Downstream LLC, sole member of Targa NGL Pipeline
Company LLC
      By:  

/s/ Jennifer R. Kneale

      Name:   Jennifer R. Kneale
      Title:   Chief Financial Officer
  (Principal Financial Officer)
TARGA TRANSPORT LLC
By: Targa Downstream LLC, its sole member
      By:  

/s/ Jennifer R. Kneale

      Name:   Jennifer R. Kneale
      Title:   Chief Financial Officer
 

(Principal Financial Officer)

 

II-13


T2 LASALLE GAS UTILITY LLC

By: T2 LaSalle Gathering Company LLC,

its sole member

      By:  

/s/ Jennifer R. Kneale

      Name:   Jennifer R. Kneale
      Title:   Chief Financial Officer
  (Principal Financial Officer)

 

T2 GAS UTILITY LLC
By: T2 Eagle Ford Gathering Company LLC, its sole member
      By:  

/s/ Jennifer R. Kneale

      Name:   Jennifer R. Kneale
      Title:   Chief Financial Officer
  (Principal Financial Officer)

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed on November 6, 2023 by the following persons in the capacities:

 

Name

  

Title

*

   Chief Executive Officer of each sole member
Matthew J. Meloy    (Principal Executive Officer)

/s/ Jennifer R. Kneale

   Chief Financial Officer and Director of each sole member
Jennifer R. Kneale    (Principal Financial Officer)

*

   Senior Vice President and Chief Accounting Officer of each sole member
Julie H. Boushka    (Principal Accounting Officer)

*

   Director of each sole member
Regina L. Gregory   

 

*By:  

/s/ Jennifer R. Kneale

  Jennifer R. Kneale, Attorney-in-fact

 

II-14


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, each registrant below certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Houston, in the State of Texas, on November 6, 2023.

 

ARKOMA NEWCO LLC
DELAWARE-PERMIAN PIPELINE LLC
GRAND PRIX PIPELINE LLC
LASSO ACQUIROR LLC
SETTING SUN PIPELINE CORPORATION
TARGA CONDENSATE MARKETING LLC
TARGA DELAWARE QOF LLC
TARGA DELAWARE QOZB LLC
TARGA NORTHERN DELAWARE LLC
TARGA PIPELINE MID-CONTINENT WESTOK LLC
TARGA PIPELINE MID-CONTINENT WESTTEX LLC
TARGA TRAIN 9 LLC
By:  

/s/ Jennifer R. Kneale

Name:   Jennifer R. Kneale
Title:   Chief Financial Officer
  (Principal Financial Officer)

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Matthew J. Meloy and Jennifer R. Kneale, and each of them, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this registration statement (including pre and post-effective amendments and registration statements filed pursuant to Rule 462 or otherwise) and to file the same, with all exhibits thereto, and the other documents in connection therewith, with the Securities and Exchange Commission, and hereby grants to such attorneys-in-fact and agents and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed on November 6, 2023 by the following persons in the capacities:

 

Name

  

Title

/s/ Matthew J. Meloy

   Chief Executive Officer
Matthew J. Meloy    (Principal Executive Officer)

/s/ Jennifer R. Kneale

   Chief Financial Officer and Director or Manager
Jennifer R. Kneale    (Principal Financial Officer)

/s/ Julie H. Boushka

   Senior Vice President and Chief Accounting Officer
Julie H. Boushka    (Principal Accounting Officer)

/s/ Regina L. Gregory

   Director or Manager
Regina L. Gregory   

 

II-15