Plains All American Announces Pricing of Public Offering of $650 Million of Senior Notes

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Vinson & Elkins advised Plains All American Pipeline, L.P. (NASDAQ: PAA) (“PAA”) in connection with an underwritten public offering (the “Offering”) of $650 million aggregate principal amount of 5.700% senior notes due 2034 at a price to the public of 99.953%.

PAA intends to use the net proceeds of approximately $643.3 million from the Offering, together with cash on hand, to repay all of the $750 million outstanding principal amount of 3.600% senior notes due 2024. The Offering closed on June 27, 2024.

The Vinson & Elkins corporate team was led by partners David Oelman, Scott Rubinsky and David Wicklund, with assistance from associates Nate Richards, Travis Ewing, Nick Ashipa and Rachel Campbell. Also advising were partners Natan Leyva, John Lynch and Ryan Carney and associate Jeff Slusher; partner Matthew Dobbins and associate Ryan Vanderlip; partner Jeff Johnston; partner Jim Thompson and counsel Brian Howard and Elizabeth McIntyre.

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