debt
confidence high
sentiment neutral
materiality 0.55
Plains All American Pipeline issues $650M of 5.700% Senior Notes due 2034
PLAINS ALL AMERICAN PIPELINE LP
- $650M aggregate principal of 5.700% senior unsecured notes maturing Sep 15, 2034.
- Interest payable semi-annually on March 15 and Sep 15; first payment March 15, 2025.
- Notes rank equally with existing and future senior debt; effectively subordinated to secured debt.
- Indenture includes covenants limiting liens, sale/leaseback, mergers, and asset sales.