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Plains All American Pipeline, PAA Natural Gas Storage Expand Credit Facilities

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Business Wire
July 2, 2012

Plains All American Pipeline, L.P. and PAA Natural Gas Storage announced they have expanded the size, extended the tenor and made other amendments to certain of their credit facilities.

PAA expanded its Hedged Inventory Facility from $850 million to $1.4 billion and extended the term by one year. The facility now matures in August 2014. PNG expanded its Revolving Credit Facility from $250 million to $350 million. This facility matures in August 2016.

"The expansion of PAA's Hedged Inventory Facility more than replaces the $500 million of three-year Sr. Notes ...

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