Plains All American Announces Pricing of Public Offering of $1 Billion of Senior Notes
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Plains All American Pipeline, L.P. announced the pricing of a $1 billion public offering of senior unsecured notes due 2035 with a 5.950% interest rate. The offering is expected to close on January 15, 2025.
January 13, 2025 | 9:30 pm
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NEUTRAL IMPACT
Plains All American Pipeline has announced a $1 billion public offering of senior notes, which could impact its financial structure and liquidity.
The issuance of $1 billion in senior notes will provide Plains All American Pipeline with additional capital, potentially improving liquidity but also increasing debt. The impact on stock price is neutral as it strengthens financial resources but adds to liabilities.
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