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.

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