M&A - PLAINS GP HOLDINGS LP

Form Type: 8-K

Filing Date: 2025-01-10

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925002217

Filing Summary: On January 7, 2025, Plains All American Pipeline, L.P. (PAA), a subsidiary of Plains GP Holdings, L.P., announced three bolt-on acquisitions, which involve strategic purchases aimed at enhancing its operational capacity. Additionally, the company disclosed the purchase of approximately 18% of its outstanding Series A Preferred Units. Moreover, it reported a 20% increase in its annualized distribution rate, signaling strong financial performance and growth expectations. This acquisition activity reflects the company's commitment to expanding its operations and improving shareholder value. The details of this announcement were shared in a press release attached as Exhibit 99.1.

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