Item 1.01 Entry into a Material Definitive Agreement.

On September 2, 2022, Targa Resources Partners LP (the "Partnership"), a subsidiary of Targa Resources Corp. (the "Company"), and Targa Receivables LLC, a bankruptcy-remote special purpose entity that is an indirect wholly-owned subsidiary of the Partnership (the "SPV"), entered into a Thirteenth Amendment to the Receivables Purchase Agreement (the "Purchase Agreement Amendment") among the SPV, as seller, the Partnership, as servicer, the conduit purchasers, the committed purchasers, the purchaser agents and the letter of credit participants ("LC participants") party thereto and PNC Bank, National Association, as administrator and issuer of letters of credit ("LC Bank"), which amends the Receivables Purchase Agreement, dated as of January 10, 2013, as amended, governing the SPV's accounts receivable securitization facility (the "Facility") by, among other things, (i) increasing the Facility size from $400 million to $800 million and (ii) extending the Facility Termination Date (as defined in the Purchase Agreement Amendment) of the Facility to September 1, 2023. As of September 2, 2022, after giving effect to the Purchase Agreement Amendment, there were approximately $400 million of trade receivable purchases outstanding under the Facility. A copy of the Purchase Agreement Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K.

The foregoing description of the Purchase Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement Amendment, which is incorporated by reference herein.

The committed purchasers or their respective affiliates have performed investment banking, financial advisory and commercial banking services for the Company, the Partnership and certain of their affiliates, for which they have received customary compensation, and they may continue to do so in the future. The Company, the Partnership or their affiliates have entered into commodity swap transactions with certain of the committed purchasers or their respective affiliates with terms the Company and the Partnership believe to be customary in connection with such transactions.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits.

Exhibit
Number                                    Description

10.1           Thirteenth Amendment to Receivables Purchase Agreement, dated as of
             September 2, 2022, by and among Targa Receivables LLC, as seller, the
             Partnership, as servicer, the various conduit purchasers, committed
             purchasers, purchaser agents and LC participants party thereto and PNC
             Bank, National Association, as administrator and LC Bank.

 104         Cover Page Interactive Data File (embedded within the Inline XBRL
             document).



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