Plains GP Holdings Secures $1.1 Billion Senior Unsecured Term Loan

Plains All American Pipeline, L.P. (PAA), a subsidiary of Plains GP Holdings, L.P., has entered into a new $1.1 billion senior unsecured term loan agreement with PNC Bank, National Association, as administrative agent, and a syndicate of lenders. The agreement, signed on November 26, 2025, provides for the loan to be funded on or before December 2, 2025, with a maturity date set two years from closing. PAA has the option to prepay the loan at any time without penalty. The interest rate is based on either Term SOFR or the Base Rate, plus an applicable margin. The agreement also includes a mandatory prepayment provision tied to the closing of the previously announced sale of PAA’s Canadian natural gas liquids business to Keyera Corp. Additionally, on December 1, 2025, PAA terminated the EPIC Credit Agreement and repaid all outstanding amounts. 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: 0001104659-25-118148), on December 03, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here