Plains expects to receive net proceeds of approximately $787.8 million, after deducting the underwriters' discounts and estimated offering expenses. Plains intends to use the net proceeds from this offering to repay amounts outstanding under its credit facilities and commercial paper program and for general partnership purposes, which may include, among other things, repayment of indebtedness, acquisitions, capital expenditures and additions to working capital.
Baker Botts Lawyers/Office Involved:
# # #About Baker Botts LLP
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients’ industries, we are recognized as a leading firm in the energy and technology sectors. Throughout our 177-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visitBakerBotts.com.