PAA begins public offering of senior notes

Plains All American Pipeline LP

Plains All American Pipeline LP (NYSE: PAA) has begun a public offering of two series of senior notes. The Partnership intends to use the net proceeds from this offering to repay outstanding borrowings under its commercial paper program (a portion of which was used to fund the BridgeTex acquisition completed on Nov. 14) and for general partnership purposes.

Amounts repaid under the Partnership’s commercial paper program may be reborrowed, as necessary, to fund its ongoing expansion capital program or future acquisitions, or for general partnership purposes.

Barclays Capital Inc., SunTrust Robinson Humphrey Inc., and Wells Fargo Securities LLC will act as joint book-running managers of the offering.

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