Financial Flexibility

OR Royalties Inc. amended its revolving credit facility, switching to U.S. dollar denomination and increasing it to $650 million, with a potential $200 million accordion. The company aims to leverage this enhanced financial flexibility for growth opportunities. Furthermore, OR Royalties will receive $49 million from the MAC Copper acquisition by Harmony Gold.

Targa Resources Corp. announced a $1.5 billion senior notes offering, comprising notes due 2030 and 2036. Proceeds will redeem existing 2027 notes and be used for general corporate purposes, providing financial flexibility. The offering is under an effective shelf registration with the SEC, and the deal is expected to close June 18, 2025.