Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - PLAINS ALL AMERICAN PIPELINE LP | h85657e8vk.htm |
| EX-1.1 - EX-1.1 - PLAINS ALL AMERICAN PIPELINE LP | h85657exv1w1.htm |
| EX-5.1 - EX-5.1 - PLAINS ALL AMERICAN PIPELINE LP | h85657exv5w1.htm |
| EX-8.1 - EX-8.1 - PLAINS ALL AMERICAN PIPELINE LP | h85657exv8w1.htm |
Exhibit 99.1
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| Contacts: | Roy I. Lamoreaux Director, Investor Relations 713/646-4222 — 800/564-3036 |
FOR IMMEDIATE RELEASE
Plains All American Pipeline, L.P. Prices Public Offering of Common Units
(Houston — November 9, 2011) Plains All American Pipeline, L.P. (NYSE: PAA) announced today
that it has priced an underwritten public offering of 6,000,000 of its common units representing
limited partner interests at $65.03 per common unit. The offering is expected to close on November
15, 2011. The Partnership has also granted the underwriters a 30-day option to purchase up to
900,000 additional common units to cover over-allotments, if any.
The Partnership intends to use the net proceeds from the offering, including the proceeds from any
exercise of the over-allotment option, for general partnership purposes, including pending or
future acquisitions, capital program expenditures, repayment of future outstanding borrowings under
our credit facilities, if any, or other general partnership purposes.
BofA Merrill Lynch, Barclays Capital, Citigroup, J.P. Morgan, UBS Investment Bank and Raymond James
are joint book-running managers of the offering.
When available, copies of the prospectus supplement and accompanying base prospectus relating to
the offering may be obtained from the underwriters as follows:
BofA Merrill Lynch
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Barclays Capital | |
4 World Financial Center
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c/o Broadridge Financial Solutions | |
New York, New York 10080
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1155 Long Island Ave. | |
Attn: Prospectus Department
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Edgewood, New York 11717 | |
dg.prospectus_requests@baml.com
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barclaysprospectus@broadridge.com Telephone: (888) 603-5847 |
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Citigroup Global Markets Inc.
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J.P. Morgan Securities LLC | |
Brooklyn Army Terminal
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via Broadridge Financial Solutions | |
Attention: Prospectus Delivery Dept.
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1155 Long Island Avenue | |
140 58th Street
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Edgewood, New York 11717 | |
Brooklyn, New York 11220
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Telephone: (866) 803-9204 | |
Telephone: (800) 831-9146 |
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batprospectusdept@citi.com |
UBS Securities LLC
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Raymond James & Associates, Inc. | |
Attention: Prospectus Dept.
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Attn: Equity Syndicate | |
299 Park Avenue
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880 Carillon Parkway | |
New York, New York 10171
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St. Petersburg, Florida 33716 | |
Telephone: (888) 827-7275
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Telephone: (800) 248-8863 |
The common units were offered and sold pursuant to an effective shelf registration statement on
Form S-3 previously filed with the Securities and Exchange Commission. This news release does not
constitute an offer to sell or a solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering may be made only by means of a prospectus
and related prospectus supplement.
Except for the historical information contained herein, the matters discussed in this news release
are forward-looking statements that involve certain risks and uncertainties. These risks and
uncertainties include, among other things, the stability of the capital markets and other factors
and uncertainties inherent in the marketing, transportation, terminalling, gathering and storage of
crude oil and other petroleum-related products discussed in the Partnership’s filings with the
Securities and Exchange Commission.
Plains All American Pipeline, L.P. is a publicly-traded master limited partnership engaged in the
transportation, storage, terminalling and marketing of crude oil, refined products and liquefied
petroleum gas and other natural gas related petroleum products. Through its general partner
interest and majority equity ownership position in PAA Natural Gas Storage, L.P. (NYSE: PNG), PAA
is also engaged in the development and operation of natural gas storage facilities. PAA is
headquartered in Houston, Texas.
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