trending Market Intelligence /marketintelligence/en/news-insights/trending/ip5jaRWb7osZNSpgo-Ajhw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Plains All American Pipeline closes series B preferred units offering

Q3: U.S. Solar and Wind Power by the Numbers

Path to Carbon-Free Power Generation by 2035

The Growing Importance of Data Centers for European & U.S. Renewable Projects

CAISO and ERCOT Power Forecasts by the Hour


Plains All American Pipeline closes series B preferred units offering

Plains All American Pipeline LP on Oct. 10 closed its public offering of 800,000 of its 6.125% series B preferred units at $1,000 per unit, according to an Oct. 12 SEC filing.

In connection with the issuance of the series B units, as of Oct. 10, the partnership's general partner, PAA GP LLC, executed the seventh amended and restated agreement of limited partnership of Plains All American Pipeline. It was done to authorize and establish rights, preference and privileges of the issued units, among other things.

Plains All American Pipeline intends to use the net proceeds from the offering to repay indebtedness under its credit facilities and commercial paper program and for general partnership purposes such as acquisitions and CapEx.