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) 809-1291
Director,
Investor Relations