{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-060317","form_type":"8-K","ticker":"PAGP","cik":"0001581990","company_name":"PLAINS GP HOLDINGS LP","filed_at":"2025-06-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.874477+00:00","generated_at":"2026-05-19T04:36:42.125077+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Plains All American sells Canadian NGL business to Keyera for ~$3.75B USD","bullets":["Cash consideration of C$5.15B (~$3.75B USD); expected close Q1 2026 subject to regulatory approvals.","Plains retains US NGL assets and all Canadian crude oil assets; becomes crude oil pure play.","Net proceeds estimated at ~$3.0B after taxes, expenses, and potential ~$0.35/unit special distribution.","Proceeds to be prioritized for bolt-on M&A, debt reduction, preferred/common unit repurchases.","Transaction expected to generate ~$360M Canadian entity-level taxes; PAA unitholders may receive foreign tax credits."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-060317","json":"https://secwatch.observer/filing/0001104659-25-060317.json","markdown":"https://secwatch.observer/filing/0001104659-25-060317.md","text":"https://secwatch.observer/filing/0001104659-25-060317.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1581990/000110465925060317/0001104659-25-060317-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1581990/000110465925060317/tm2518179d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T04:36:42.125077+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}