Plains All American Announces Pricing of Public Offering of $750 Million of Senior Notes
Vinson & Elkins advised Plains All American Pipeline, L.P. (NASDAQ: PAA) (“PAA”) in connection with an underwritten public offering (the “Offering”) of $750 million aggregate principal amount of debt securities, consisting of an additional issuance of $300,000,000 aggregate principal amount of 4.700% senior notes due 2031 at a price to the public of 99.872% and an additional issuance of $450,000,000 aggregate principal amount of 5.600% senior notes due 2036 at a price to the public of 100.518%.
PAA intends to use the net proceeds of approximately $747.2 million from the Offering for general partnership purposes, which may include, among other things, repayment of indebtedness, intra-group lending and related transactions, capital expenditures and additions to working capital. The Offering closed on November 14, 2025.
The Vinson & Elkins corporate team was led by partners David Oelman, Scott Rubinsky, and David Stone, and senior associate Nate Richards, with assistance from associates Rachel Campbell Alexander, Chandni Jaggi, and Carson Copeland. Also advising were partners Wendy Salinas and Ryan Carney, counsel Lauren Meyers, and associate Jeff Slusher.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.
For more information, please speak with our media contacts.