PAA Announces Public Offering of Senior Notes
August 17 2015 - 8:58AM
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 and investments, or for general partnership
purposes.
Citigroup Global Markets Inc.; Mizuho Securities USA Inc.;
Mitsubishi UFJ Securities (USA), Inc. and UBS Securities LLC 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:
Citigroup
Global Markets Inc.
Mizuho Securities USA Inc. c/o Broadridge Financial Solutions 320
Park Avenue, 12th Floor 1155 Long Island Avenue New York, NY 10022
Edgewood, NY 11717 Attention: Debt Capital Markets Desk Telephone:
(800) 831-9146 Telephone:
(866) 271-7403
Mitsubishi UFJ Securities (USA), Inc. UBS
Securities LLC 1633 Broadway, 29th Floor 1285 Avenue of the
Americas New York, NY 10019 New York, NY 10019 Attention: Capital
Markets Group Attention: Prospectus Specialist Telephone: (212)
405-7440 Telephone: (888)
827-7275
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 approximately 4.3
million barrels per day of crude oil and NGL on its pipelines. PAA
is headquartered in Houston, Texas.
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version on businesswire.com: http://www.businesswire.com/news/home/20150817005654/en/
Plains All American Pipeline, L.P.Ryan Smith,
866-809-1291Director, Investor Relations
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