PLAINS ALL AMERICAN PIPELINE LP - 8-K Filing
Plains All American Pipeline LP completed the sale of its Canadian NGL business (owned through Plains Midstream Canada ULC) to Keyera Corp on May 12, 2026 for CAD $5.13 billion (~USD $3.76 billion). Net proceeds of ~$3.3 billion will be used to reduce leverage by repaying borrowings under PAA’s commercial paper program, a term loan maturing in November 2027 (to be terminated May 14), and its 4.50% senior notes due December 2026. (Items: 2.01 Completion of Acquisition or Disposition of Assets, 1.02 below and PAA’s 4, 7.01 Regulation FD Disclosure, 9.01 Financial Statements and Exhibits)
Tickers: $PAA