debt
confidence high
sentiment neutral
materiality 0.50
Plains All American Pipeline completes $650M 5.700% Notes offering due 2034
PLAINS GP HOLDINGS LP
- Issued $650M aggregate principal of 5.700% Senior Notes due 2034 via public offering.
- Interest payable semiannually on March 15 and September 15, beginning March 15, 2025.
- Notes are senior unsecured, rank equally with existing senior debt, effectively subordinated to secured debt.
- Issuers may redeem notes at any time prior to maturity at specified redemption prices.
- Covenants restrict liens, sale/leaseback, mergers, and asset sales, subject to exceptions.