Reported Earlier, Plains All American Prices $650M 5.700% Senior Notes Due 2034 Offering To Refinance Upcoming Debt
Portfolio Pulse from Benzinga Newsdesk
Plains All American Pipeline, L.P. (NYSE:PAA) has announced the pricing of a $650 million offering of 5.700% senior unsecured notes due 2034. The offering is intended to refinance upcoming debt and is expected to close on June 27, 2024, subject to customary closing conditions.
June 18, 2024 | 9:26 am
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Plains All American Pipeline has priced a $650 million offering of 5.700% senior unsecured notes due 2034 to refinance upcoming debt. The offering is expected to close on June 27, 2024, subject to customary closing conditions.
The successful pricing of the notes and the intention to refinance upcoming debt is a positive financial move for Plains All American Pipeline. It indicates proactive debt management and could improve the company's financial stability, which is likely to be viewed favorably by investors.
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