secwatch.observer — SEC 8-K summary
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Issuer:     PLAINS GP HOLDINGS LP (PAGP)
CIK:        0001581990
Form:       8-K
Filed at:   2025-12-03T23:59:59+00:00
Accession:  0001104659-25-118148
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PAA terminates $1.2B EPIC credit, repays $1.1B; enters new $1.1B term loan
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- On Dec 1, 2025, PAA terminated the EPIC Credit Agreement and repaid $1.1B outstanding on the EPIC Term Loan.
- PAA entered a $1.1B senior unsecured term loan on Nov 26, 2025, maturing in 2 years, with PNC Bank as agent.
- Interest rates: Term SOFR+1.125% (first year), then Term SOFR+1.250%; Base Rate+0.125%/0.250%.
- Mandatory prepayment of new term loan within 7 business days of closing of sale of Canadian NGL business to Keyera Corp.
- Financial covenant: Consolidated Funded Indebtedness/EBITDA ≤ 5.00x (5.50x during Acquisition Period).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1581990/000110465925118148/0001104659-25-118148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1581990/000110465925118148/tm2532638d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-118148

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