PAA Announces Public Offering of Senior Notes
September 02 2014 - 9:13AM
Business Wire
Plains All American Pipeline, L.P. (NYSE:PAA) today announced
that it has commenced a public offering of senior notes (the
"Notes"). The Partnership intends to use the net proceeds from this
offering to repay outstanding borrowings under its commercial paper
program and for general partnership purposes. Amounts repaid under
the Partnership’s commercial paper program may be reborrowed, as
necessary, to fund its ongoing expansion capital program or future
acquisitions, or for general partnership purposes.
J.P. Morgan Securities LLC; Barclays Capital Inc.; BNP Paribas
Securities Corp.; and Merrill Lynch, Pierce, Fenner & Smith
Incorporated will act as joint book-running managers of the
offering.
The Notes will be offered and sold pursuant to an effective
shelf registration statement on Form S-3 previously filed with the
Securities and Exchange Commission, and only by means of a
prospectus supplement and accompanying base prospectus. When
available, copies of the prospectus supplement and accompanying
base prospectus relating to the offering may be obtained from the
underwriters as follows:
J.P. Morgan
Securities LLC
383 Madison Avenue
New York, New York 10179
Attention: Investment Grade Syndicate Desk
– 3rd Floor
Telephone: (212) 834-4533
BNP Paribas Securities Corp.
Debt Syndicate Desk
787 Seventh Avenue
New York, New York 10019
Telephone: (800) 854-5674
Email:
new.york.syndicate@bnpparibas.com
Barclays Capital Inc.
c/o Broadridge Integrated Distribution
Services
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (888) 603-5847
Email:
Barclaysprospectus@broadridge.com
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Attn: Prospectus Department
222 Broadway, 11th Floor
New York, NY 10038
Telephone: (800) 294-1322
Email: dg.prospectus_requests@baml.com
This news release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Plains All American Pipeline, L.P. is a publicly traded master
limited partnership that owns and operates midstream energy
infrastructure and provides logistics services for crude oil,
natural gas liquids ("NGL"), natural gas and refined products. PAA
owns an extensive network of pipeline transportation, terminalling,
storage and gathering assets in key crude oil and NGL producing
basins and transportation corridors and at major market hubs in the
United States and Canada. On average, PAA handles over 3.5 million
barrels per day of crude oil and NGL on its pipelines. PAA is
headquartered in Houston, Texas.
Plains All American Pipeline, L.P.Ryan Smith, (866)
809-1291Director, Investor Relations
Plains All American Pipe... (NYSE:PAA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Plains All American Pipe... (NYSE:PAA)
Historical Stock Chart
From Sep 2023 to Sep 2024