Plains All American Pipeline selling senior notes on Thursday

By Aleesia Forni

Virginia Beach, Va., Aug. 8 - Plains All American Pipeline, LP and PAA Finance Corp. plan to price an offering of senior notes on Thursday, according to a company news release and a filing with the Securities and Exchange Commission.

Proceeds will be used to repay outstanding borrowings under the company's credit facilities and for general partnership purposes.

J.P. Morgan Securities LLC, BofA Merrill Lynch, DNB Markets, Inc. and Mizuho Securities USA Inc. are acting as joint bookrunners.

The oil and natural gas transportation, production and storage company is based Houston.

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