Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 45

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 45
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 equally in right of payment with existing and future senior indebtedness of the issuers. PAA may, at its option, redeem any series of senior notes at any time in whole or from time to time in part, prior to maturity, at the redemption prices described in the indentures governing the senior notes. PAA’s senior notes are not guaranteed by any of its subsidiaries.PAA Senior Notes Issuances. The table below summarizes PAA’s issuances of senior unsecured notes during the three years ended December 31, 2024 (in millions):YearDescriptionMaturityFace ValueInterest Payment Dates20245.70% Senior Notes issued at 99.953% of face valueSeptember 2034$650 March 15 and September 15In January 2025, PAA also completed the offering of $1 billion, 5.95% senior notes due June 2035 at a public offering price of 99.761%. Interest payments are due on June 15 and December 15 of each year, commencing on June 15, 2025.

F-31

Table of ContentsIndex to Financial StatementsPLAINS GP HOLDINGS, L.P. AND SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

PAA Senior Notes Repayments. During the three years ended December 31, 2024, PAA repaid the following senior unsecured notes in full (in millions): YearDescriptionRepayment Date2024$750 million 3.60% Senior Notes due November 2024November 2024(1)2023$700 million 3.85% Senior Notes due October 2023October 2023(2)2023$400 million 2.85% Senior Notes due January 2023January 2023(2)2022$750 million 3.65% Senior Notes due June 2022March 2022(2)(1)PAA repaid these senior notes with proceeds from its 5.70% senior notes issued in June 2024, cash on hand and borrowings under its commercial paper program.(2)PAA repaid these senior notes with cash on hand and borrowings under its commercial paper program.MaturitiesThe weighted average maturity of PAA’s senior notes outstanding at December 31, 2024 was approximately 10 years. The following table presents the aggregate contractually scheduled maturities of such senior notes for the next