Plains All American refinances debt with new $2.7B credit facility, terminates prior agreements

Filed June 17, 2026 · Period ending June 12, 2026 · ~1 min read

Key Changes

• high

  Entered new $2.7B unsecured revolving credit facility maturing June 2031, expandable to $4.0B, replacing two separate 2021 credit agreements and simplifying capital structure

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Repaid and terminated existing revolving credit agreement and hedged inventory facility on June 12, 2026, consolidating borrowing arrangements under single new facility

  Item 1.02 — Termination of a Material Definitive Agreement verify on EDGAR →
• medium

  New facility includes 5.0x debt-to-EBITDA covenant (5.5x during acquisitions), tested quarterly, providing lender protection while maintaining strategic flexibility

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →