Plains All American Announces Pricing of Public Offering of $750 Million of Senior Notes

HOUSTON, Nov. 10, 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 $750 million aggregate principal amount of debt securities, consisting of $300 million aggregate principal amount of the issuers’ 4.70% Senior Notes due 2031 (the “2031 Notes”) and $450 million aggregate principal amount of 5.60% senior unsecured notes due 2036 (the “2036 Notes”), at a price to the public of 99.872% and 100.518% of their face value, respectively. The notes are being offered as additional issuances of the issuers’ 4.70% Senior Notes due 2031 and 5.60% Senior Notes due 2036, respectively, of which $700 million and $550 million aggregate principal amount, respectively, were issued on September 8, 2025. The Offering is expected to close on November 14, 2025, subject to the satisfaction of customary closing conditions.

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