Targa Resources Partners LP (NGLS)

[Timothy Smith]

Targa Resources Partners LP added $200 million to the $400 million private placement of 5.25 percent notes due May 2023 that it announced in October.

The placement closed in mid-December. The in-demand notes were priced at 101 percent of the principal amount to yield 5.093 percent.

Management will use proceeds from the placement for general purposes, which could include meeting working capital requirements as well as funding acquisitions.

I am bullish 2013.