Plains All American Prices $750 Million Senior Notes Offering

"Vinson & Elkins advised Plains All American Pipeline, L.P. (PAA) on an underwritten public offering of $750 million of senior notes: $300M 4.700% due 2031 at 99.872% and $450M 5.600% due 2036 at 100.518%. Net proceeds approximately $747.2M for general partnership purposes. Offering closed Nov. 14, 2025."

Vinson & Elkins advised Plains All American Pipeline, L.P. (NASDAQ: PAA) in connection with an underwritten public offering of $750 million aggregate principal amount of senior notes. The Offering consisted of an additional issuance of $300,000,000 aggregate principal amount of 4.700% senior notes due 2031 at a price to the public of 99.872% and an additional issuance of $450,000,000 aggregate principal amount of 5.600% senior notes due 2036 at a price to the public of 100.518%. PAA intends to use the net proceeds of approximately $747.2 million from the Offering for general partnership purposes, which may include, among other things, repayment of indebtedness, intra-group lending and related transactions, capital expenditures and additions to working capital. The Offering closed on November 14, 2025. Vinson & Elkins represented Plains All American Pipeline, L.P. with a team composed by: partners David Oelman, Scott Rubinsky and David Stone; senior associate Nate Richards; associates Rachel Campbell Alexander, Chandni Jaggi and Carson Copeland; partners Wendy Salinas and Ryan Carney; counsel Lauren Meyers; and associate Jeff Slusher. The engagement was handled by the firm's corporate team.

Plains All American Prices $750 Million Senior Notes Offering

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