(NASDAQ:PAA) HOUSTON, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) today announced that it and PAA Finance Corp., a wholly owned subsidiary of PAA, as co-issuer, have priced an underwritten public offering (the "Offering") of $1.25 billion aggregate principal amount of debt securities, consisting of $700 million aggregate principal amount of 4.70% senior unsecured notes due 2031 and $550 million aggregate principal amount of 5.60% senior unsecured notes due 2036, at a price to the public of 99.865% and 99.798% of their face value, respectively. The Offering is expected to close on September 8, 2025, subject to the satisfaction of customary closing conditions.
Related Questions
How will the $1.25 billion note issuance affect Plains All American’s balance sheet, credit metrics, and stock price?
What does the pricing of the 4.70% 2031 and 5.60% 2036 senior notes (≈99.9% of par) reveal about market perception of PAA’s credit risk and relative yield versus peers?
How will the proceeds from the offering be allocated—e.g., growth projects, debt refinancing, or general corporate purposes—and what impact could that have on future cash flows and dividend policy?