Baker Botts Represents the Underwriters in $800 Million Preferred Offering by Plains All American Pipeline, L.P.
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:
- Corporate: Josh Davidson (Partner; Houston); Jeremy Moore (Partner; Houston); Jennifer Gasser (Associate; Houston)
- Tax: Michael Bresson (Partner; Houston); T. Chuck Campbell (Special Counsel; Houston)
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