-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LqKtPlsDfti3Xv64vtjV56FLTrSbAIzv6q/zdokbbX3Ch/35sfPURnAq5b53cht+ kfkTOLLook4AptmdlXIelA== 0000950129-09-001230.txt : 20090415 0000950129-09-001230.hdr.sgml : 20090415 20090415151315 ACCESSION NUMBER: 0000950129-09-001230 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090415 DATE AS OF CHANGE: 20090415 GROUP MEMBERS: AURORA PIPELINE CO LTD GROUP MEMBERS: BASIN HOLDINGS GP LLC GROUP MEMBERS: BASIN PIPELINE HOLDINGS LP GROUP MEMBERS: LONE STAR TRUCKING LLC GROUP MEMBERS: PACIFIC ATLANTIC TERMINALS LLC GROUP MEMBERS: PACIFIC ENERGY GROUP LLC GROUP MEMBERS: PACIFIC L A MARINE TERMINALS LLC GROUP MEMBERS: PICSCO LLC GROUP MEMBERS: PLAINS LPG SERVICES GP LLC GROUP MEMBERS: PLAINS LPG SERVICES LP GROUP MEMBERS: PLAINS MARKETING CANADA LLC GROUP MEMBERS: PLAINS MARKETING CANADA LP GROUP MEMBERS: PLAINS MARKETING GP INC GROUP MEMBERS: PLAINS MARKETING LP GROUP MEMBERS: PLAINS MIDSTREAM CANADA ULC GROUP MEMBERS: PLAINS MIDSTREAM GP LLC GROUP MEMBERS: PLAINS MIDSTREAM LP GROUP MEMBERS: PLAINS PIPELINE LP GROUP MEMBERS: PLAINS TOWING LLC GROUP MEMBERS: PMC NOVA SCOTIA CO GROUP MEMBERS: RANCHO LPG HOLDINGS LLC GROUP MEMBERS: ROCKY MOUNTAIN PIPELINE SYSTEM LLC FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PAA FINANCE CORP CENTRAL INDEX KEY: 0001134983 STANDARD INDUSTRIAL CLASSIFICATION: PIPE LINES (NO NATURAL GAS) [4610] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 500 DALLAS, SUITE 700 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7136541414 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PLAINS ALL AMERICAN PIPELINE LP CENTRAL INDEX KEY: 0001070423 STANDARD INDUSTRIAL CLASSIFICATION: PIPE LINES (NO NATURAL GAS) [4610] IRS NUMBER: 760582150 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-155671 FILM NUMBER: 09750896 BUSINESS ADDRESS: STREET 1: 333 CLAY STREET STREET 2: SUITE 1600 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7136544100 MAIL ADDRESS: STREET 1: 333 CLAY STREET STREET 2: SUITE 1600 CITY: HOUSTON STATE: TX ZIP: 77002 FWP 1 h66419fwfwp.htm FREE WRITING PROSPECTUS - REGISTRATION NO.333-155671 fwp
Filed Pursuant to Rule 433
Registration No. 333-155671
April 15, 2009
FINAL TERM SHEET
     
8.75% Senior Notes due May 1, 2019
Issuers:
   Plains All American Pipeline, L.P. and PAA Finance Corp.
 
    
Guarantee:
   Unconditionally guaranteed by certain subsidiaries of
 
   Plains All American Pipeline, L.P.
 
    
Trade Date:
   April 15, 2009
 
    
Expected Settlement Date:
   April 20, 2009
 
    
Note Type:
   Senior Unsecured Notes
 
    
Legal Format:
   SEC Registered
 
    
Size:
   $350,000,000
 
    
Maturity Date:
   May 1, 2019
 
    
Coupon:
   8.75%
 
    
Yield to Maturity:
   8.750%
 
    
Interest Payment Dates:
   May 1 and November 1, commencing November 1, 2009
 
    
Record Dates:
   April 15 and October 15
 
    
Price to Public:
   99.994%
 
    
Benchmark Treasury:
   2.750% due February 15, 2019
 
    
Benchmark Treasury Yield:
   2.823%
 
    
Make-Whole Call:
   T + 50 bps
 
    
CUSIP:
   72650RAU6
 
    
ISIN:
   US72650RAU68
 
    
Ratings*:
   Baa3 (stable) by Moody’s Investors Service, Inc.
 
   BBB- (stable) by Standard & Poor’s Ratings Services
 
    
Joint Book-Running Managers:
   Banc of America Securities LLC
 
   BNP Paribas Securities Corp.
 
   J.P. Morgan Securities Inc.
 
   Wachovia Capital Markets, LLC
 
    
Senior Co-Managers:
   DnB NOR Markets, Inc.
 
   Fortis Securities LLC
 
   SG Americas Securities, LLC
 
    
Junior Co-Managers:
   ING Financial Markets LLC
 
   Mitsubishi UFJ Securities (USA), Inc.
 
   Scotia Capital (USA) Inc.
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuers have filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuers have filed with the SEC for more complete information about the issuers and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuers, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Banc of America Securities LLC at 1-800-294-1322, BNP Paribas Securities Corp. at 1-800-854-5674, J.P. Morgan Securities Inc. at 1-212-834-4533 or Wachovia Capital Markets, LLC at 1-800-326-5897.
Use of Proceeds
We expect to receive net proceeds of approximately $347 million from the sale of the Notes we are offering, after deducting underwriters’ discounts and commissions and our estimated offering expenses.
Revised Capitalization Disclosure
In the “As further adjusted for this offering” column of the capitalization table on page S-14 of the preliminary prospectus supplement, Total short-term debt is $470 million, Senior Notes offered hereby is $350 million, Unamortized premium/(discount), net is $(6) million, Total long-term debt is $3,609 million and Total capitalization is $7,371 million.

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