secwatch.observer — SEC 8-K summary
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Issuer:     PLAINS GP HOLDINGS LP (PAGP)
CIK:        0001581990
Form:       8-K
Filed at:   2026-06-17T20:41:56+00:00
Accession:  0001104659-26-075189
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1581990/000110465926075189/0001104659-26-075189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1581990/000110465926075189/tm2618136d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-075189

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer