Plains All American Pipeline, L.P. (NYSE:PAA) Files An 8-K Material Modification to Rights of Security Holders

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Plains All American Pipeline, L.P. (NYSE:PAA) Files An 8-K Material Modification to Rights of Security Holders
Item 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.


PLAINS ALL AMERICAN PIPELINE LP Exhibit
EX-3.1 2 a17-22685_5ex3d1.htm EX-3.1 Exhibit 3.1   SEVENTH AMENDED AND RESTATED   AGREEMENT OF LIMITED PARTNERSHIP   OF   PLAINS ALL AMERICAN PIPELINE,…
To view the full exhibit click here

About Plains All American Pipeline, L.P. (NYSE:PAA)

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. Its Facilities segment operations consist of activities associated with providing storage, terminalling and throughput services for crude oil, refined products, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services. Its supply and logistics segment operations consist of the merchant-related activities, including sale of gathered and bulk-purchased crude oil, as well as sales of NGL volumes purchased from suppliers and natural gas sales attributable to the activities.

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