Plains All American Pipeline, L.P. (NYSE:PAA) Files An 8-K Material Modification to Rights of Security HoldersItem 3.03 Material Modification to Rights of Security Holders
The information set forth under Item 3.03 of this Current Report is incorporated by reference into this Item 3.03.
Item 3.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On October10, 2017, Plains All American Pipeline, L.P. (the “Partnership”) closed its previously announced underwritten public offering of 800,000 6.125% SeriesB Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests in the Partnership (the “SeriesB Preferred Units”) at a price to the public of $1,000 per SeriesB Preferred Unit. In connection with the issuance of the SeriesB Preferred Units, on and effective as of October10, 2017, PAAGPLLC, the general partner of the Partnership executed the Seventh Amended and Restated Agreement of Limited Partnership of the Partnership (the “Seventh A&R Partnership Agreement”) to, among other things, authorize and establish the rights, preferences and privileges of the SeriesB Preferred Units.
A summary of the rights, preferences and privileges of the SeriesB Preferred Units and other material terms and conditions of the Seventh A&R Partnership Agreement is set forth in the in the Partnership’s Current Report on Form8-K filed with the Securities and Exchange Commission on October6, 2017 (the “Signing 8-K”), and is incorporated into this report by reference.
The foregoing description of the Seventh A&R Partnership Agreement, including the summary of the rights, preferences and privileges of the SeriesB Preferred Units and other material terms and conditions of the Seventh A&R Partnership Agreement set forth in the Signing 8-K, is qualified in its entirety by reference to the full text of the Seventh A&R Partnership Agreement, which is filed as Exhibit3.1 to this Current Report on Form8-K and is incorporated herein by reference.
Item 3.03 Financial Statements and Exhibits
(d)Exhibits.