Plains All American Pipeline Secures $1.1 Billion Senior Unsecured Term Loan

Reuters12-04
<a href="https://laohu8.com/S/PAAPU">Plains All American Pipeline</a> Secures $1.1 Billion Senior Unsecured Term Loan

Plains All American Pipeline LP has entered into a new senior unsecured term loan agreement with PNC Bank, National Association, and other lenders. The agreement provides for a $1.1 billion term loan to be funded on or before December 2, 2025, and will mature two years from the closing date. Plains All American can prepay the loan at any time without penalty. The loan accrues interest based on either Term SOFR or the Base Rate, plus an applicable margin, and includes restrictions on certain activities such as incurring additional indebtedness and making distributions if a default occurs. This new financing follows the termination and full repayment of the company's previous $1.2 billion EPIC Credit Agreement.

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 All American Pipeline 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: 0001104659-25-118133), on December 03, 2025, and is solely responsible for the information contained therein.
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