debt
confidence high
sentiment neutral
materiality 0.60
Plains GP subsidiary PAA issues $650M of 5.700% Senior Notes due 2034
PLAINS GP HOLDINGS LP
- Issuers: Plains All American Pipeline, L.P. and PAA Finance Corp. issue $650M principal of 5.700% Senior Notes due 2034.
- Underwriting syndicate led by Citigroup, MUFG, SMBC Nikko, and Truist Securities.
- Offering priced under existing shelf registration (333-259387); closing expected June 27, 2024.
- Notes will be governed by a supplemental indenture with U.S. Bank Trust as trustee.