PAA begins public offering of senior notes

Plains All American Pipeline LP (NYSE: PAA) has begun a public offering of senior notes. The Partnership intends to use the net proceeds from this offering to repay outstanding borrowings under its commercial paper program 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 and investments, or for general partnership purposes.

Citigroup Global Markets Inc., Mizuho Securities USA Inc., Mitsubishi UFJ Securities (USA) Inc., and UBS Securities LLC will act as joint book-running managers of the offering.

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