secwatch.observer — SEC 8-K summary
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Issuer:     PLAINS ALL AMERICAN PIPELINE LP (PAA)
CIK:        0001070423
Form:       8-K
Filed at:   2026-09-14T20:30:13+00:00
Accession:  0001104659-26-107512
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plains All American completes $1.5B junior subordinated notes offering
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- $700M 6.750% Series A and $800M 7.000% Series B junior sub notes, both due Dec 15, 2056.
- Interest payable semi-annually Jun 15/Dec 15, starting Jun 15, 2027; rates reset after 2031/2036 with five-year resets.
- Notes unsecured, junior to senior debt; no subsidiary guarantees; redeemable at par in 90-day window before first reset.
- Underwriters: J.P. Morgan, Citigroup, Mizuho, MUFG, Truist; U.S. Bank Trust Company as trustee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070423/000110465926107512/0001104659-26-107512-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070423/000110465926107512/tm2625341d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-107512

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