Plains All American Pipeline LP (NYSE: PAA) offered an unspecified amount of senior notes, the company said April 15.
Net proceeds will repay outstanding borrowings under the commercial paper program, and will also be used for general partnership purposes, Plains All American said.
Amounts of borrowings that will be repaid may be borrowed again, if needed, to support capital expansion, future acquisitions or general partnership purposes, the company added.
Citigroup Global Markets Inc., SunTrust Robinson Humphrey Inc., UBS Securities LLC and Wells Fargo Securities LLC are joint book-running managers, the company said.
Houston-based Plains All American Pipeline LP is an MLP that owns and operates oil and natural gas midstream infrastructure.
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