CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

PAA In The News

[BlueCollar51]

PAA Prices Public Offering of Common Units
PAA | 1 day ago
Plains All American Pipeline, L.P. (NYSE: PAA) today announced that it has priced an underwritten public offering of 21,000,000 of its common units representing limited partner interests at $50.00 per common unit. The Partnership has also granted the underwriter a 30-day option to purchase up to 3,150,000 additional common units. The offering is expected to close on March 3, 2015, subject to customary closing conditions.
The Partnership expects to receive net proceeds of approximately $1.1 billion (or approximately $1.2 billion if the underwriter exercises in full its option to purchase additional common units), including our general partner’s proportionate capital contribution and after deducting the underwriter’s discounts and commissions and estimated offering expenses. The Partnership intends to use the net proceeds from this offering, including the proceeds from any exercise of the option to purchase additional common units, to repay outstanding borrowings under its commercial paper program and for general partnership purposes, including acquisitions, joint venture investments and other expansion capital expenditures. Amounts repaid under the Partnership’s commercial paper program may be reborrowed, as necessary, for general partnership purposes, including acquisitions, joint venture investments and other expansion capital expenditures.
Barclays Capital Inc. is acting as sole underwriter of the offering.
The common units are being offered and sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission, and only by means of a prospectus supplement and accompanying base prospectus. Copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained from Barclays Capital Inc. as follows:

Barclays Capital Inc.

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Telephone: [phone]

Email: [e-mail]

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.
Plains All American Pipeline, L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids ("NGL"), natural gas and refined products. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles over 4.1 million barrels per day of crude oil and NGL on its pipelines. PAA is headquartered in Houston, Texas.
image: https://cts.businesswire.com/ct/CT?id=bwnews&sty=20150226005802r1&sid=ntxv4&distro=nx&lang=en

Plains All American Pipeline, L.P.
Ryan Smith, [phone]
Director, Investor Relations
Copyright Business Wire 2015
Business Wire
February 26, 2015 - 9:04 AM EST

Read more at https://www.stockhouse.com/news/press-releases/2015/02/26/paa-prices-public-offering-of-common-units#7XG8m6Socbge0Wfe.99



Plains All American Pipeline Acquires Williston Basin Crude Oil Terminal Under Construction
PAA | 3 hours ago
Plains All American Pipeline, L.P. (NYSE: PAA) today announced that it has acquired Legion Terminals, LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, N.D. The terminal, which is expected to be in service in Q3 2015, is strategically positioned to serve as a crude oil logistics hub in the Williston Basin.
The terminal is located on approximately 60 acres of property and includes 500,000 barrels of crude oil storage, pipeline interconnects, truck facilities and other associated assets. The terminal is permitted for up to 2 million barrels of crude oil storage, 8 pipeline interconnects and 12 truck unloading stations.
Once in service, the terminal will complement Plains’ existing Williston Basin footprint and provide opportunities for additional connectivity to Plains assets. Plains’ Trenton crude oil gathering system and Manitou and Van Hook crude-by-rail facilities are all located within 50 miles of the terminal.
Plains All American Pipeline, L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids ("NGL"), natural gas and refined products. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles over 4.1 million barrels per day of crude oil and NGL on its pipelines. PAA is headquartered in Houston, Texas.
Forward Looking Statements
Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties that could cause actual results or outcomes to differ materially from results or outcomes anticipated in the forward-looking statements. These risks and uncertainties include, among other things, shortages, cost increases or delays in receipt of supplies, materials or labor; inability to obtain, delays in the receipt of, or other issues associated with necessary licenses, permits, approvals, consents, rights of way or other governmental or third party requirements; the impact of current and future laws, rulings, orders, governmental regulations, accounting standards and statements and related interpretations; weather interference with business operations or project construction, including the impact of extreme weather events or conditions; environmental liabilities, issues or events that result in construction delays or otherwise impact targeted in-service dates; interruptions in service on third-party pipelines or facilities; general economic, market or business conditions and the amplification of other risks caused by volatile financial markets, capital constraints and pervasive liquidity concerns; and other factors and uncertainties inherent in the transportation, storage, terminalling and marketing of crude oil and refined products as discussed in PAA's filings with the Securities and Exchange Commission.
image: https://cts.businesswire.com/ct/CT?id=bwnews&sty=20150227005113r1&sid=ntxv4&distro=nx&lang=en

Plains All American Pipeline, L.P.
Investors:
Ryan Smith, [phone]
Director, Investor Relations
Media:
Brad Leone, [phone]
Director, Communications
Copyright Business Wire 2015
Business Wire
February 27, 2015 - 9:00 AM EST

Read more at https://www.stockhouse.com/news/press-releases/2015/02/27/plains-all-american-pipeline-acquires-williston-basin-crude-oil-terminal-under#CtGIK8ApBv5D9G9P.99

[BlueCollar51]

FYI; PLAINS All American operates in Canada as PLAINS Midstream. https://www.paalp.com/our-company/overview-1749.html They are “Cashed Up” and “On The Hunt” If nothing else their recent activity demonstrates that there is a demand for Oil by Rail terminals. As Always; Do Your Own Due Diligence; It’s Your Money &excl

[ocean112]

thanks for sharing this - the timing of this placement is certainly curious (closes March 3rd) - which would coincide nicely with an announcement on the sale of NATO by Q1 announcement. The size of the placement is also intriguing (over $1.1 billion) - enough to pay down debt and give a good chunk for NATO. Time will tell....