Company: PAGP
Filing Date: 2025-11-14
Form Type: 8-K
Source: 0001104659-25-112283
Chunk: 0

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-11-14
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

On November 14,
2025, the registrant’s consolidated subsidiaries, Plains All American Pipeline, L. P. (“ PAA”) and PAA Finance
Corp. (together with PAA, the “ Issuers”) completed the public offering (the “ Offering”) of $750 million aggregate
principal amount of the Issuers’ debt securities, consisting of $300 million aggregate principal amount of 4.700% Senior Notes due
2031 (the “2031 Notes”) and $450 million aggregate principal amount of 5.600% Senior Notes due 2036 (the “2036 Notes,”
and, together with the 2031 Notes, the “ Notes”). The 2031 Notes and the 2036 Notes were offered as additional issuances of
the Issuers’ 4.700% Senior Notes due 2031 and 5.600% Senior Notes due 2036, of which $700 million and $550 million aggregate principal
amount, respectively, were issued on September 8, 2025. The 2031 Notes and 2036 Notes form a single series with the initial notes
of their respective series, have identical terms as the initial notes of their respective series, and have the same CUSIP number as and
trade interchangeably with the initial notes of their respective series. Immediately following the issuance of the 2031 Notes issued in
the Offering, there are $1 billion aggregate principal amount of the 2031 Notes outstanding. Immediately following the issuance of the
2036 Notes issued in the Offering, there are $1 billion aggregate principal amount of the 2036 Notes outstanding.