September 9, 2019 - 8:54 AM EDT
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Plains All American Announces Public Offering of Senior Notes

HOUSTON

Plains All American Pipeline, L.P. (NYSE: PAA) today announced that it has commenced a public offering of senior notes (the “Notes”). PAA intends to use the net proceeds from the offering to partially repay the principal amounts of its $500 million 2.60% senior notes due 2019 and $500 million 5.75% senior notes due 2020 at their respective maturity dates in December 2019 and January 2020, and, pending such repayment, for general partnership purposes, which may include, among other things, repayment of indebtedness, acquisitions, capital expenditures and additions to working capital.

Citigroup Global Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. 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.

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, New York 11717

Telephone: (800) 831-9146

Email: [email protected]

Mizuho Securities USA LLC

320 Park Avenue, 12th Floor

New York, NY 10022

Attention: Debt Capital Markets Desk

Telephone: (866) 271-7403

MUFG Securities Americas Inc.

1221 Avenue of the Americas, 6th Floor

New York, NY 10020-1001

Attention: Capital Markets Group

Telephone: 1-877-649-6848

Scotia Capital (USA) Inc.

250 Vesey Street, 24th Floor

New York, NY 10281

Attention: Debt Capital Markets

Telephone: 212-225-5501

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, NGLs and natural gas. 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 more than 6 million barrels per day of crude oil and NGL in its Transportation segment. PAA is headquartered in Houston, Texas.

Brett Magill
Director, Investor Relations
(866) 809-1291


Source: Business Wire (September 9, 2019 - 8:54 AM EDT)

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