Plains GP Holdings begins secondary public offering of Class A shares

Plains GP Holdings LP

Plains GP Holdings LP (NYSE:PAGP) has begun a secondary public offering, subject to market and other conditions, of 55,000,000 Class A shares representing limited partner interests owned by Oxy Holding Co. (Pipeline) Inc.

The underwriters are expected to be granted a 30-day option to purchase up to 8,250,000 additional Class A shares. PAGP will not receive any of the proceeds from the offering.

JP Morgan and Citigroup will act as joint book-running managers of the offering.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...