secwatch.observer — SEC 8-K summary
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Issuer:     PLAINS ALL AMERICAN PIPELINE LP (PAA)
CIK:        0001070423
Form:       8-K
Filed at:   2022-08-25T23:59:59+00:00
Accession:  0001104659-22-094478
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PAA amends two credit facilities, extends maturities and updates benchmark rates
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- Revolving Credit Facility maturity extended to August 20, 2027 from August 20, 2026.
- Hedged Inventory Facility maturity extended to August 20, 2025 from August 20, 2024.
- Eurocurrency Rate replaced with Term SOFR and Canadian Term Rate in both facilities.
- Amendment adds fallback mechanism for benchmark replacement if SOFR or Canadian Term Rate becomes unavailable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070423/000110465922094478/0001104659-22-094478-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070423/000110465922094478/tm2224524d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-094478

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer