Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 495

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 495
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Repayments of PAA Senior Notes. During 2024 and 2023, PAA repaid the following senior unsecured notes in full (in millions): 

YearDescriptionRepayment Date2024$750 million 3.60% PAA Senior Notes due November 2024 November 2024(1)2023$700 million 3.85% PAA Senior Notes due October 2023October 2023(2)2023$400 million 2.85% PAA Senior Notes due January 2023January 2023(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.

Registration Statements

PAGP Registration Statements.  We have filed with the SEC a shelf registration statement that, subject to effectiveness at the time of use, allows us to issue up to a specified amount of equity securities (“PAGP Traditional Shelf”). At December 31, 2024, we had approximately $939 million of unsold securities available under the PAGP Traditional Shelf. We also have access to a universal shelf registration statement (“PAGP WKSI Shelf”), which provides us with the ability to offer and sell an unlimited amount of equity securities, subject to market conditions and its capital needs.

PAA Registration Statements.  PAA periodically accesses the capital markets for both equity and debt financing. PAA has filed with the SEC a universal shelf registration statement that, subject to effectiveness at the time of use, allows PAA to issue up to a specified amount of debt or equity securities (“PAA Traditional Shelf”), under which PAA had approximately $1.1 billion of unsold securities available at December 31, 2024. PAA did not conduct any offering under its Traditional Shelf during the year 2024. PAA also has access to a universal shelf registration statement (“PAA WKSI Shelf”), which provides it with the ability to offer and sell an unlimited amount of debt and equity securities, subject to market conditions and capital needs. The offerings of $650 million, 5.70% senior notes in June 2024 and $1 billion, 5.95% senior notes in January 2025 were conducted under its WKSI Shelf.

Common Equity Repurchase Program 

In November