03:46 AM EDT, 09/04/2025 (MT Newswires) -- Plains All American Pipeline ( PAA ) said late Wednesday it priced an underwritten public offering of $1.25 billion of notes.

The offering consists of $700 million of 4.7% senior unsecured notes due 2031 priced at 99.865% of par value and $550 million of 5.6% senior unsecured notes due 2036 priced at 99.798% of par value.

Net proceeds will be used for debt repayments, to fund acquisitions, and for general partnership purposes, the company said.

Closing of the offering is expected on Sept. 8, subject to customary conditions.