Plains GP Holdings, L.P. (NYSE:PAGP)
today announced the pricing of a secondary public offering of 60,000,000
Class A shares representing limited partner interests owned by Oxy
Holding Company (Pipeline), Inc. at $25.00 per Class A share. The
selling shareholder has granted the underwriters a 30-day option to
purchase up to 9,000,000 additional Class A shares. PAGP will not
receive any of the proceeds from the offering. The offering is expected
to close on November 17, 2014, subject to the satisfaction of customary
closing conditions.
J.P. Morgan, Citigroup, Goldman, Sachs & Co., BofA Merrill Lynch and
Morgan Stanley are acting as joint book-running managers of the offering.
The Class A shares were 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
via Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: (866) 803-9204
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Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: (800) 831-9146
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Goldman, Sachs & Co.
Attn: Prospectus Department
200 West Street
New York, NY 10282
Telephone: 866-471-2526
prospectus-ny@ny.email.gs.com | | | | | |
BofA Merrill Lynch
Attn: Prospectus Department
222 Broadway
New York, New York 10038
dg.prospectus_requests@baml.com |
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Morgan Stanley
Attn: Prospectus Department
180 Varick Street, 2nd Floor
New York, New York 10014
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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
Brett Magill, (866) 809-1291
Manager,
Investor Relations