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September 15, 2026 • 1-minute read
Vinson & Elkins advised Plains All American Pipeline, L.P. (NASDAQ: PAA) (“PAA”) in connection with an underwritten public offering (the “Offering”) of $1.5 billion aggregate principal amount of debt securities, consisting of $700 million aggregate principal amount of 6.750% Series A Junior Subordinated Notes due 2056 and $800 million aggregate principal amount of 7.000% Series B Junior Subordinated Notes due 2056. PAA intends to use the net proceeds from the Offering, together with cash on hand and commercial paper borrowings, to redeem all its Series A and Series B Preferred Units.
The Vinson & Elkins corporate team was led by Partners Scott Rubinsky, David Oelman, and David Stone and Senior Associate Chase Browndorf, with assistance from Associates Rachel Campbell Alexander, Chandni Jaggi, and Carson Copeland. Also advising were Partners Wendy Salinas and Ryan Carney, Counsel Allyson Seger, and Senior Associate Jeff Slusher; Partners Mark Holmes and Caitlin Lawrence, Senior Associate Regan Vicknair, and Associate Nick Lott.
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 14 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.
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