UNDERWRITING AGREEMENTUnderwriting Agreement • June 11th, 2020 • Plains All American Pipeline Lp • Pipe lines (no natural gas) • New York
Plains All American Pipeline, L.P., a Delaware limited partnership (the “Partnership”), and PAA Finance Corp., a Delaware corporation (“PAA Finance” and, together with the Partnership, the “Issuers”), propose to issue and sell to the several underwriters named in Schedule I hereto (the “Underwriters”), for whom J.P. Morgan Securities LLC, Barclays Capital Inc., BofA Securities, Inc. and RBC Capital Markets, LLC are acting as the representatives (the “Representatives”), $750,000,000 aggregate principal amount of 3.800% Senior Notes due 2030 (the “Notes”). The Notes are to be issued under an indenture dated as of September 25, 2002 (the “Base Indenture”), among the Issuers and U.S. Bank National Association, as successor trustee (the “Trustee”), as supplemented by the Thirty-Second Supplemental Indenture to be dated as of June 11, 2020, among the Issuers and the Trustee (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”).
