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Plains All American selling two-part offering of senior notes
By Aleesia Forni
Virginia Beach, Dec. 2 – Plains All American Pipeline, LP and PAA Finance Corp. plan to sell senior notes in two tranches, according to a 424B2 filing with the Securities and Exchange Commission.
Proceeds will be used to repay outstanding borrowings under the company’s commercial paper program and for general partnership purposes.
Barclays, SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC are the joint bookrunners.
The oil and natural gas transportation, production and storage company is based in Houston.
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