Plains GP Holdings Prices 128M Share IPO at $22.00/Share

Plains GP Holdings

today announced the pricing of its initial public offering of 128,000,000 Class A shares representing limited partner interests (the “Class A shares”) at $22.00 per share. The Class A shares are expected to begin trading on the New York Stock Exchange on October 16, 2013 under the ticker symbol “PAGP.” The Partnership has granted the underwriters a 30-day option to purchase up to an additional 19,200,000 Class A shares. The offering is expected to close on October 21, 2013, subject to customary closing conditions. The Partnership intends to distribute the net proceeds of the offering of approximately $2.73 billion, together with any proceeds received pursuant to an exercise by the underwriters of their option to purchase