Plains All American signs USD 2.7 billion revolving credit facility, replacing existing lines

شركة بلينز أول أمريكان بايبلاين
Plains GP Holdings LP Class A

Plains All American Pipeline, L.P.

PAA

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Plains GP Holdings LP Class A

PAGP

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  • Plains GP Holdings subsidiary Plains All American Pipeline entered a new senior unsecured revolving credit facility on June 12, 2026.
  • Facility provides committed borrowing capacity of USD 2.7 billion, expandable to USD 4 billion, replacing PAA’s prior revolver and the hedged inventory facility.
  • Includes up to USD 800 million for letters of credit, up to USD 225 million for swing line loans, with Canadian borrowings capped at USD 1 billion equivalent.
  • Matures June 12, 2031, with one or more one-year extensions subject to lender approval.
  • Leverage covenant caps consolidated funded debt to adjusted EBITDA at 5.00x, stepping up to 5.50x during an acquisition period.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Plains GP Holdings LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-075189), on June 17, 2026, and is solely responsible for the information contained therein.