debt
confidence high
sentiment neutral
materiality 0.60
PAA completes $1B offering of 5.950% Senior Notes due 2035
PLAINS GP HOLDINGS LP
- Issued $1 billion aggregate principal amount of 5.950% Senior Notes due June 15, 2035 via public offering.
- Notes are senior unsecured obligations of PAA and PAA Finance Corp., ranking equally with existing senior debt.
- Interest payable semi-annually on June 15 and December 15, commencing June 15, 2025.
- Notes may be redeemed prior to maturity at specified redemption prices per the Indenture.
- Underwriting led by J.P. Morgan, BMO Capital Markets, Mizuho, and Scotia Capital.