OREANDA-NEWS. April 22, 2014. Plains All American Pipeline, L.P. (NYSE: PAA) announced that it has commenced a public offering of senior notes (the "Notes").

The Partnership intends to use the net proceeds from this offering to repay outstanding borrowings under its commercial paper program and for general partnership purposes. Amounts repaid under the Partnership's commercial paper program may be reborrowed, as necessary, to fund its ongoing expansion capital program, future acquisitions, or for general partnership purposes.

Citigroup Global Markets Inc.; SunTrust Robinson Humphrey, Inc.; UBS Securities LLC; and Wells Fargo Securities, LLC will act as joint book-running managers of the offering.

The Notes will be offered and sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission, and only by means of a prospectus supplement and accompanying base prospectus.