NasdaqGS:PAAOil and Gas
Plains All American Pipeline (PAA) Stock Could Be 8.6% Undervalued After New $2.7b Credit Facility
Why Plains All American Pipeline’s New Credit Facility Matters
Plains All American Pipeline (PAA) recently entered a new unsecured revolving credit agreement with US$2.7b in committed capacity, extendable to US$4.0b. This facility replaces earlier agreements and extends the company’s debt maturity profile to 2031.
For you as an investor, this move focuses on liquidity and funding flexibility, supported by a lending syndicate that includes Bank of America, PNC Bank and Wells Fargo as key...