---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-022836"
form_type: "8-K"
ticker: "PAA"
cik: "0001070423"
company_name: "PLAINS ALL AMERICAN PIPELINE LP"
filed_at: "2026-03-03T23:59:59+00:00"
generated_at: "2026-05-15T21:59:11.111129+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Plains All American replaces PMCULC with PCLPULC as borrower under credit facilities

## Summary
- On Feb 26, 2026, PAA amended its Revolver and Hedged Inventory Facility to substitute borrower entities.
- Plains Midstream Canada ULC (PMCULC) replaced by Plains Canada Liquid Pipelines ULC (PCLPULC) as borrower.
- All commitments to PMCULC terminated; PMCULC released from obligations and liens on its collateral released.
- PCLPULC becomes a borrower, grants security, and PAA's guarantee of obligations remains in full force.
- No changes to aggregate commitments, maturity, pricing, or covenants under either facility.

## SEC filing metadata
- accession: 0001104659-26-022836
- form_type: 8-K
- ticker: PAA
- cik: 0001070423
- company_name: PLAINS ALL AMERICAN PIPELINE LP
- filed_at: 2026-03-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070423/000110465926022836/0001104659-26-022836-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070423/000110465926022836/tm267812d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-022836
- JSON: https://secwatch.observer/filing/0001104659-26-022836.json
- Plain text: https://secwatch.observer/filing/0001104659-26-022836.txt

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