Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PLAINS GP HOLDINGS LP incurred revolving credit of $125.0 million revolving credit facility with Goldman Sachs Bank USA maturing 2029.
- Instrument
- revolving credit
- Principal
- $125.0 million revolving credit facility
- Counterparty
- Goldman Sachs Bank USA
- Maturity
- 2029
- Event
- incurrence
Exact text from the filing
The EPIC Credit Agreement provides for a $1.2 billion term loan (the “EPIC Term Loan”) and a $125.0 million revolving credit facility (the “EPIC Revolver”).
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
PLAINS GP HOLDINGS LP incurred credit facility of $1.2 billion term loan with Goldman Sachs Bank USA at Alternate Base Rate or Term SOFR, in each case, plus an applicable margin maturing October 15, 2031.
- Instrument
- credit facility
- Principal
- $1.2 billion term loan
- Counterparty
- Goldman Sachs Bank USA
- Rate
- Alternate Base Rate or Term SOFR, in each case, plus an applicable margin
- Maturity
- October 15, 2031
- Event
- incurrence
Exact text from the filing
The EPIC Credit Agreement provides for a $1.2 billion term loan (the “EPIC Term Loan”) and a $125.0 million revolving credit facility (the “EPIC Revolver”).
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
PLAINS GP HOLDINGS LP completed an acquisition involving a subsidiary of Ares Management LLC for approximately $1.33 billion (closed 2025-11-01).
- Action
- acquisition
- Counterparty
- a subsidiary of Ares Management LLC
- Consideration
- approximately $1.33 billion
- Closing
- 2025-11-01
Exact text from the filing
Effective November 1, 2025, in a separate transaction from the EPIC 55% Transaction, Buyer also completed the purchase of the remaining 45% equity interest in EPIC Crude Holdings and the remaining 45% of the membership interests in EPIC GP from a subsidiary of Ares Management LLC (the “Ares Seller”) pursuant to that certain definitive Equity Purchase Agreement (the “EPA”) among Buyer and the Ares Seller, for a purchase price of approximately $1.33 billion, inclusive of approximately $500 million of debt under the EPIC Term Loan (as defined below) (the “EPIC 45% Transaction”, and, together with the EPIC 55% Transaction, the “Transactions”).
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
PLAINS GP HOLDINGS LP completed an acquisition involving subsidiaries of Diamondback Energy, Inc. and Kinetik Holdings Inc. for approximately $1.57 billion (closed 2025-10-31).
- Action
- acquisition
- Counterparty
- subsidiaries of Diamondback Energy, Inc. and Kinetik Holdings Inc.
- Consideration
- approximately $1.57 billion
- Closing
- 2025-10-31
Exact text from the filing
On October 31, 2025, pursuant to that certain definitive Purchase and Sale Agreement (the “PSA”) entered into on August 30, 2025 by and among a wholly-owned subsidiary (the “Buyer”) of Plains All American Pipeline, L.P. (“PAA”), a subsidiary of Plains GP Holdings L.P. (the “Registrant”), and subsidiaries of Diamondback Energy, Inc. and Kinetik Holdings Inc. (collectively, the “Sellers”), Buyer completed the purchase from Sellers of an aggregate 55% non-operated equity interest in EPIC Crude Holdings, LP (“EPIC Crude Holdings”), the entity that owns and operates the EPIC Crude Oil Pipeline (the “EPIC Pipeline”), and an aggregate 55% of the membership interests in EPIC Crude Holdings GP, LLC (“EPIC GP”), the general partner of EPIC Crude Holdings, for a purchase price of approximately $1.57 billion, inclusive of approximately $600 million of debt under the EPIC Term Loan (as defined below) (the “EPIC 55% Transaction”).
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