Plains GP Holdings, L.P. (NYSE:PAGP)
today announced the commencement of a secondary public offering, subject
to market and other conditions, of 55,000,000 Class A shares
representing limited partner interests owned by Oxy Holding Company
(Pipeline), Inc. The underwriters are expected to be granted a 30-day
option to purchase up to 8,250,000 additional Class A shares. PAGP will
not receive any of the proceeds from the offering.
J.P. Morgan and Citigroup will act as joint book-running managers of the
offering.
The Class A shares will be offered and sold pursuant to an effective
registration statement on Form S-3 previously filed with the Securities
and Exchange Commission, and only by means of the prospectus included
therein. When available, copies of the prospectus relating to the
offering may be obtained from the underwriters as follows:
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J.P. Morgan
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Citigroup
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via Broadridge Financial Solutions
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c/o Broadridge Financial Solutions
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1155 Long Island Avenue
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1155 Long Island Avenue
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Edgewood, New York, 11717
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Edgewood, New York 11717
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Telephone: (866) 803-9204
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Telephone: (800) 831-9146
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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 state or
jurisdiction.
PAGP is a publicly traded entity that owns an interest in the general
partner and incentive distribution rights of Plains All American
Pipeline, L.P., one of the largest energy infrastructure and logistics
companies in North America. PAGP is headquartered in Houston, Texas.
Plains GP Holdings
Ryan Smith, (866) 809-1291
Director,
Investor Relations