---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-088308"
form_type: "8-K"
ticker: "PAGP"
cik: "0001581990"
company_name: "PLAINS GP HOLDINGS LP"
filed_at: "2025-09-08T23:59:59+00:00"
generated_at: "2026-05-17T07:36:16.188575+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Plains All American Pipeline issues $1.25B in two-tranche senior notes (4.70% due 2031, 5.60% due 2036)

## Summary
- $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.

## SEC filing metadata
- accession: 0001104659-25-088308
- form_type: 8-K
- ticker: PAGP
- cik: 0001581990
- company_name: PLAINS GP HOLDINGS LP
- filed_at: 2025-09-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1581990/000110465925088308/0001104659-25-088308-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1581990/000110465925088308/tm2525408d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-088308
- JSON: https://secwatch.observer/filing/0001104659-25-088308.json
- Plain text: https://secwatch.observer/filing/0001104659-25-088308.txt

## Key facts
- Debt Financings
  PLAINS GP HOLDINGS LP incurred senior notes of $1,250,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 4.700% Senior Notes due 2031 and 5.600% Senior Notes due 2036 maturing January 15, 2031 for the 2031 Notes and January 15, 2036 for the 2036 Notes.
  - Instrument: senior notes
  - Principal: $1,250,000,000 aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 4.700% Senior Notes due 2031 and 5.600% Senior Notes due 2036
  - Maturity: January 15, 2031 for the 2031 Notes and January 15, 2036 for the 2036 Notes
  - Event: incurrence
  source text: On September 8, 2025, the registrant’s consolidated subsidiaries, Plains All American Pipeline, L.P. (“PAA”) and PAA Finance Corp. (together with PAA, the “Issuers”) completed the public offering (the “Offering”) of $1.25 billion aggregate principal amount of the Issuers’ debt securities, consisting of $700,000,000 aggregate principal amount of 4.700% Senior Notes due 2031 (the “2031 Notes”) and $550,000,000 aggregate principal amount of 5.600% Senior Notes due 2036 (the “2036 Notes,” and, together with the 2031 Notes, the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581990/000110465925088308/0001104659-25-088308-index.htm

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