debt
confidence high
sentiment neutral
materiality 0.60
Plains All American Pipeline issues $1.25B in two-tranche senior notes (4.70% due 2031, 5.60% due 2036)
PLAINS GP HOLDINGS LP
- $700M 4.700% Senior Notes due 2031 and $550M 5.600% Senior Notes due 2036 issued by PAA and PAA Finance Corp.
- Interest payable Jan 15 and Jul 15 starting Jan 15, 2026; notes redeemable prior to maturity at specified prices.
- Notes are senior unsecured obligations of PAA, ranking equally with all existing and future senior debt.
- Underwriters include BofA Securities, Barclays, PNC Capital Markets, TD Securities, and Wells Fargo Securities.
- Offering completed under PAA's shelf registration statement (Form S-3) filed Sep 6, 2024.
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