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Plains All American selling senior notes due 2025
By Aleesia Forni
Virginia Beach, Aug. 17 – Plains All American Pipeline, LP and PAA Finance Corp. plan to sell senior notes due 2025, 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.
Citigroup Global Markets Inc., Mizuho Securities, MUFG and UBS Securities LLC are the joint bookrunners.
The oil and natural gas transportation, production and storage company is based in Houston.
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