Plains GP Holdings subsidiaries amend two credit agreements, extend maturities to 2029 and 2027

PLAINS GP HOLDINGS LP

Plains All American Pipeline and Plains Midstream Canada extended their revolving credit facility maturity from August 18, 2028 to August 17, 2029.
Plains Marketing and Plains Midstream Canada extended their hedged inventory facility maturity from August 18, 2026 to August 18, 2027.
Both amendments replaced the Canadian dollar offered rate (CDOR) with the Canadian Overnight Repo Rate Average (CORRA) and eliminated bankers' acceptance requirements.
The revolving credit facility has $1.35 billion in total commitments from lenders including Bank of America, Citibank, JPMorgan, and Wells Fargo.

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