OREANDA-NEWS. September 24, 2014. Plains All American Pipeline, L.P. (NYSE:PAA) announced that it has completed an underwritten public offering of USD 750 million aggregate principal amount of 3.60% senior unsecured notes due November 1, 2024, at a public offering price of 99.842% with a yield to maturity of 3.618%.

Total net proceeds of the offering were approximately USD 742.7 million. The Partnership intends to use the net proceeds from this offering to repay outstanding borrowings under its commercial paper program and for general partnership purposes.

Amounts repaid under the Partnership's commercial paper program may be reborrowed, as necessary, to fund its ongoing expansion capital program or future acquisitions, or for general partnership purposes.