Financing ·
On June 12, 2026, Plains All American Pipeline, L.P. (PAA), a subsidiary of Plains GP Holdings, L.P., entered into a…
PAGPPlains GP Holdings LP
On June 12, 2026, Plains All American Pipeline, L.P. (PAA), a subsidiary of Plains GP Holdings, L.P., entered into a new senior unsecured Revolving Credit Agreement with a committed borrowing capacity of $2.7 billion, which PAA may increase to $4.0 billion. The facility includes up to $800 million for letters of credit and $225 million for swing line loans, with a maturity date of June 12, 2031. This agreement replaces and terminates the Existing Revolving Credit Agreement and the Hedged Inventory Facility. The agreement includes a financial covenant limiting the ratio of Consolidated Funded Indebtedness to adjusted Consolidated EBITDA to 5.00 to 1.00, increasing to 5.50 to 1.00 during Acquisition Periods. The company operates in the energy infrastructure industry, providing midstream services for oil and gas.