other material
confidence high
sentiment neutral
materiality 0.35
Plains GP Holdings amends AAP partnership agreement to expand KAFU transfer rights
PLAINS GP HOLDINGS LP
- Amendment allows KAFU Holdings (QP), L.P. to transfer Partnership Group Interests (AAP Class A Units, PAGP Class B Shares, Holdings GP Units) to its limited partners.
- Transfers must involve at least 125,000 Partnership Group Interests in aggregate, including contemporaneous affiliate transfers.
- Amendment No. 3 executed August 17, 2023, modifying the definition of 'Permitted Transfer' in the Eighth Amended and Restated LP Agreement.
- No other changes to governance or financial terms were reported.