Company: PAGP
Filing Date: 2025-01-15
Form Type: 8-K
Source: 0001104659-25-003786
Chunk: 1

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-01-15
Form: 8-K
Item: Item 1.01
Chunk 1
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  default in the payment of principal of or premium, if any, on any Note of that series when due;  

  failure by PAA to comply with its obligations under the Indenture, in certain cases subject to notice and grace periods;  

  payment defaults and accelerations with respect to other indebtedness of PAA and its Subsidiaries (as defined in the Indenture) in  

  certain events of bankruptcy, insolvency or reorganization of PAA or, if and so long as the Notes of that series are guaranteed by  

  if and so long as the Notes of that series are guaranteed by a subsidiary guarantor:  

  the guarantee by such subsidiary guarantor ceases to be in full force and effect, except as otherwise provided in the Indenture;  

  the guarantee by such subsidiary guarantor is declared null and void in a judicial proceeding; or  

  such subsidiary guarantor denies or disaffirms its obligations under the Indenture or its guarantee.  

If an
event of default under the Indenture occurs and is continuing, the Trustee or the holders of at least 25% in principal amount of the outstanding
Notes may declare the principal of, premium, if any, and accrued and unpaid interest, if any, on the Notes to be due and payable, or,
in the case of certain events of default relating to bankruptcy, insolvency or reorganization, those amounts will automatically become
immediately due and payable.

Other
material terms of the Notes, the Base Indenture and the Supplemental Indenture are described in the prospectus supplement, dated January
13, 2025 (the “prospectus supplement”), to the prospectus, dated September 6, 2024, which is included in the Registration
Statement (as defined below). The foregoing descriptions of the Indenture and the Notes are qualified in their entirety by reference to
such Indenture (including the form of Notes attached thereto). A copy of the Supplemental Indenture is filed as Exhibit 4.1 to PAA’s
Current Report on Form 8-K, filed as of the date hereof and is incorporated herein by reference.