Company: PAGP
Filing Date: 2025-12-03
Form Type: 8-K
Source: 0001104659-25-118148
Chunk: 0

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-12-03
Form: 8-K
Item: Item 1.02
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Item 1.02      Termination of a Material Definitive Agreement.  

On October 31, 2025, Plains All American
Pipeline, L. P. (“ PAA”), a subsidiary of Plains GP Holdings, L. P. (the “ Registrant”), through a wholly-owned subsidiary,
acquired 100% of the equity interests in EPIC Crude Holdings, LP (“ EPIC Crude Holdings”) and 100% of the membership interests
in EPIC Crude Holdings GP, LLC, which own and operate the EPIC Crude Oil Pipeline. EPIC Crude Holdings is party to that certain Credit
Agreement, dated as of October 15, 2024 (as amended, the “ EPIC Credit Agreement”), by and among EPIC Crude Holdings,
EPIC Crude Services, LP, as borrower, Goldman Sachs Bank USA, as administrative and collateral agent, and the lenders and letters of credit
issuers party thereto from time to time. The EPIC Credit Agreement provides for a $1.2 billion term loan (the “ EPIC Term Loan”)
and a $125.0 million revolving credit facility (the “ EPIC Revolver”). As of December 1, 2025, there were approximately
$1.1 billion of borrowings outstanding under the EPIC Term Loan and no borrowings outstanding under the EPIC Revolver.

On December 1, 2025, PAA terminated the EPIC
Credit Agreement and repaid all amounts outstanding thereunder.