debt
confidence high
sentiment neutral
materiality 0.50
PAA completes $750M senior notes offering: $300M 4.700% due 2031, $450M 5.600% due 2036
PLAINS GP HOLDINGS LP
- Plains All American Pipeline and PAA Finance Corp. issued $750M aggregate principal of senior notes in a public offering.
- Includes $300M of 4.700% Senior Notes due 2031 and $450M of 5.600% Senior Notes due 2036, additional issuances of existing series.
- After offering, $1B aggregate principal of each series outstanding; notes mature Jan 15, 2031 and Jan 15, 2036.
- Interest payable semi-annually on Jan 15 and Jul 15, commencing Jan 15, 2026; notes are senior unsecured obligations.
- Underwriting agreement with Citigroup, CIBC, RBC, and SMBC Nikko; proceeds not specified but typical for general corporate purposes.