---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-088257"
form_type: "8-K"
ticker: "PAA"
cik: "0001070423"
company_name: "PLAINS ALL AMERICAN PIPELINE LP"
filed_at: "2025-09-08T23:59:59+00:00"
generated_at: "2026-05-17T07:28:12.608084+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Plains All American Pipeline prices $1.25B dual-tranche senior notes offering

## Summary
- Issued $700M 4.700% Senior Notes due 2031 and $550M 5.600% Senior Notes due 2036.
- Notes mature Jan 15, 2031 and Jan 15, 2036; interest payable Jan 15 and Jul 15 starting Jan 15, 2026.
- Notes are senior unsecured, rank equally with existing senior debt and effectively subordinated to secured debt.
- Issuers may redeem notes at any time prior to maturity at specified redemption prices.
- Offering closed Sep 8, 2025; underwriting agreement with BofA, Barclays, PNC, TD Securities, Wells Fargo.

## SEC filing metadata
- accession: 0001104659-25-088257
- form_type: 8-K
- ticker: PAA
- cik: 0001070423
- company_name: PLAINS ALL AMERICAN PIPELINE LP
- filed_at: 2025-09-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070423/000110465925088257/0001104659-25-088257-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070423/000110465925088257/tm2524999d4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-088257
- JSON: https://secwatch.observer/filing/0001104659-25-088257.json
- Plain text: https://secwatch.observer/filing/0001104659-25-088257.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.