Plains GP Holdings, L.P. Announces Secondary Public Offering of Class A Shares

HOUSTON--()--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:

               
J.P. Morgan Citigroup
via Broadridge Financial Solutions c/o Broadridge Financial Solutions
1155 Long Island Avenue 1155 Long Island Avenue
Edgewood, New York, 11717 Edgewood, New York 11717
Telephone: (866) 803-9204 Telephone: (800) 831-9146
 

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.

Contacts

Plains GP Holdings
Ryan Smith, (866) 809-1291
Director, Investor Relations

Contacts

Plains GP Holdings
Ryan Smith, (866) 809-1291
Director, Investor Relations