Plains All American Pipeline and PAA Natural Gas Storage Expand and Extend Credit Facilities
Plains All American Pipeline, L.P. (NYSE: PAA) and PAA Natural Gas Storage (NYSE: PNG) today announced they have expanded the size, extended the tenor and made other amendments to certain of their credit facilities.
PAA expanded its Hedged Inventory Facility from $850 million to $1.4 billion and extended the term by one year. The facility now matures in August 2014. PNG expanded its Revolving Credit Facility from $250 million to $350 million. This facility matures in August 2016.
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