---
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"
generated_at: "2026-06-17T20:43:47.201333+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Plains GP subsidiary PAA enters new $2.7B unsecured revolver maturing 2031

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-075189
- JSON: https://secwatch.observer/filing/0001104659-26-075189.json
- Plain text: https://secwatch.observer/filing/0001104659-26-075189.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $2.7 billion
  - Counterparty: Bank of America, N.A.
  - Rate: Term SOFR, the Base Rate, the Canadian Term Rate or the Canadian Prime Rate, in
  - Maturity: June 12, 2031
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1581990/000110465926075189/0001104659-26-075189-index.htm
- Material Agreements
  PLAINS GP HOLDINGS LP terminated Hedged Inventory Facility (effective 2026-06-12).
  - Action: termination
  - Agreement: credit facility
  - Effective: 2026-06-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1581990/000110465926075189/0001104659-26-075189-index.htm
- Material Agreements
  PLAINS GP HOLDINGS LP terminated Existing Revolving Credit Agreement (effective 2026-06-12).
  - Action: termination
  - Agreement: credit facility
  - Effective: 2026-06-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1581990/000110465926075189/0001104659-26-075189-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., PNC Bank, National Association, Wells Fargo Bank, National Association, and the other lenders party thereto
  - Value: $2.7 billion
  - Effective: 2026-06-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1581990/000110465926075189/0001104659-26-075189-index.htm

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