{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-075189","form_type":"8-K","ticker":"PAGP","cik":"0001581990","company_name":"PLAINS GP HOLDINGS LP","filed_at":"2026-06-17T20:41:56+00:00","discovered_at":"2026-06-17T20:43:00.304012+00:00","generated_at":"2026-06-17T20:43:47.201333+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Plains GP subsidiary PAA enters new $2.7B unsecured revolver maturing 2031","bullets":["New $2.7B revolving credit facility replaces prior $2.7B revolver and Hedged Inventory Facility.","Maturity June 12, 2031; one-year extension option subject to lender approval.","Interest based on Term SOFR, Base Rate, Canadian Term Rate, or Canadian Prime Rate plus margin tied to credit ratings.","Financial covenant: Consolidated Funded Indebtedness to EBITDA ≤ 5.00x (5.50x during acquisition period).","Committed capacity can be increased to $4.0B at PAA's option, subject to additional lender commitments."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-075189","json":"https://secwatch.observer/filing/0001104659-26-075189.json","markdown":"https://secwatch.observer/filing/0001104659-26-075189.md","text":"https://secwatch.observer/filing/0001104659-26-075189.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1581990/000110465926075189/0001104659-26-075189-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1581990/000110465926075189/tm2618136d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T20:43:47.201333+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0f1cf7db701ec3686881cbfdb58466e9724b0223","claim":"PLAINS GP HOLDINGS LP incurred revolving credit of $2.7 billion with Bank of America, N.A. at Term SOFR, the Base Rate, the Canadian Term Rate or the Canadian Prime Rate, in maturing June 12, 2031.","evidence_excerpt":"as L/C Issuers; and the other Lenders party thereto (as amended, the “Hedged Inventory Facility”). The committed borrowing capacity under the Revolving Credit Agreement is $2.7 billion, up to $800 million of which is available for the issuance of letters of credit and up to $225 million of which is available for swing line loans. The committed amount may be","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1581990/000110465926075189/0001104659-26-075189-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$2.7 billion"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Term SOFR, the Base Rate, the Canadian Term Rate or the Canadian Prime Rate, in"},{"label":"Maturity","value":"June 12, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0b48b2a71eb21235134af04b5143641b98101bb6","claim":"PLAINS GP HOLDINGS LP terminated Hedged Inventory Facility (effective 2026-06-12).","evidence_excerpt":"On June 12, 2026, in conjunction with the closing of the Revolving Credit Agreement, PAA, PCLP and PMLP, as applicable, repaid in full and terminated all outstanding obligations under (i) the Existing Revolving Credit Agreement and (ii) the Hedged Inventory Facility.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1581990/000110465926075189/0001104659-26-075189-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Effective","value":"2026-06-12"}],"fact_type":"material_agreement"},{"claim_id":"8951093a98f245be480ddc9609a1645a3470625a","claim":"PLAINS GP HOLDINGS LP terminated Existing Revolving Credit Agreement (effective 2026-06-12).","evidence_excerpt":"On June 12, 2026, in conjunction with the closing of the Revolving Credit Agreement, PAA, PCLP and PMLP, as applicable, repaid in full and terminated all outstanding obligations under (i) the Existing Revolving Credit Agreement and (ii) the Hedged Inventory Facility.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1581990/000110465926075189/0001104659-26-075189-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Effective","value":"2026-06-12"}],"fact_type":"material_agreement"},{"claim_id":"adfed22289d5a03bf535de54aff8e6fffa832666","claim":"PLAINS GP HOLDINGS LP entered into Revolving Credit Agreement with Bank of America, N.A., PNC Bank, National Association, Wells Fargo Bank, National Association, and the other lenders party thereto valued at $2.7 billion (effective 2026-06-12).","evidence_excerpt":"On June 12, 2026, Plains All American Pipeline, L.P. (“PAA”), a subsidiary of Plains GP Holdings, L.P. (the “Registrant”), entered into an unsecured Credit Agreement (the “Revolving Credit Agreement”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1581990/000110465926075189/0001104659-26-075189-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., PNC Bank, National Association, Wells Fargo Bank, National Association, and the other lenders party thereto"},{"label":"Value","value":"$2.7 billion"},{"label":"Effective","value":"2026-06-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}