debt
confidence high
sentiment neutral
materiality 0.65
Plains All American Pipeline issues $750M in senior notes in two tranches
PLAINS ALL AMERICAN PIPELINE LP
- Closed public offering of $750M: $300M of 4.700% Senior Notes due 2031 and $450M of 5.600% Senior Notes due 2036.
- Both tranches are additional issuances of series issued Sept 8, 2025; total outstanding now $1B for each series.
- Notes mature Jan 15, 2031 (4.700%) and Jan 15, 2036 (5.600%); interest payable semi-annually Jan 15/Jul 15 starting Jan 15, 2026.
- Notes are senior unsecured obligations ranking equally with existing senior debt; subject to customary covenants and events of default.