PLAINS GP HOLDINGS LP - 8-K Filing
Plains GP Holdings LP completed the sale of its Canadian NGL business (owned through Plains All American Pipeline) to Keyera Corp for CAD $5.13 billion (~$3.76 billion USD), with net proceeds around $3.3 billion intended to reduce leverage, including repayment of PAA’s term loan and senior notes due in 2026. The transaction triggered mandatory prepayment of the $1.1 billion term loan by May 14, 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: $PAGP