PAA Completes Public Offering of $400
July 14, 2010 10:35 AM Eastern Daylight Time
HOUSTON--(EON: Enhanced Online News)--Plains All American Pipeline, L.P. (NYSE:PAA) today announced
that it has completed a public offering of $400 million principal amount of 3.95% senior unsecured notes due
September 15, 2015 at an offering price of $99.889 (per $100 of principal) to yield 3.975%.
Total net proceeds from the offering were approximately $396 million and will be used to repay outstanding
indebtedness under the Partnership’s credit facilities. Amounts repaid under the credit facilities may be reborrowed
to fund the Partnership’s ongoing expansion capital program, potential future acquisitions, or the potential redemption
of its outstanding 6.25% senior notes due 2015.
J.P. Morgan Securities Inc., Banc of America Securities LLC, and BNP Paribas Securities Corp. were joint book-
running managers of the offering. Copies of the prospectus supplement and accompanying base prospectus relating
to the offering may be obtained from the underwriters as follows:
J.P. Morgan Securities Inc. Banc of America Securities LLC BNP Paribas Securities Corp.
383 Madison Avenue Attn: Prospectus Department Attn: Sales Desk
New York, New York 10179 100 West 33rd Street, 3rd Floor 787 Seventh Avenue, 7th Fl.
Attention: High Grade New York, New York 10001 New York, NY 10019
Syndicate Desk Toll-free: 1-800-294-1322 Toll free: 1-800-854-5674
Phone: (212) 834-4533
The senior notes were offered and sold pursuant to an effective shelf registration statement on Form S-3 previously
filed with the Securities and Exchange Commission. This news release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related
Plains All American Pipeline, L.P. is a publicly traded master limited partnership engaged in the transportation,
storage, terminalling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas
related petroleum products. Through its general partner interest and majority equity ownership position in PAA
Natural Gas Storage, L.P. (NYSE:PNG), PAA is also engaged in the development and operation of natural gas
storage facilities. PAA is headquartered in Houston, Texas.
Plains All American Pipeline, L.P.
Roy I. Lamoreaux, 713-646-4222 or 800-564-3036
Director, Investor Relations
Al Swanson, 713-646-4455 or 800-564-3036
Senior Vice President & CFO