Business Context and Reporting Period
Plains GP Holdings, L.P. filed a Form 8-K on September 23, 2014, reporting a material definitive agreement entered into on the same date. The filing concerns Plains AAP, L.P., a subsidiary of the registrant.
Key Financial Metrics
This filing does not provide specific revenue, profit, cash flow, margin, or liquidity figures. The report focuses exclusively on a modification to the company's debt maturity schedule.
Material Changes
Effective September 23, 2014, lenders under the Second Amended and Restated Credit Agreement dated September 26, 2013, consented to extend the maturity date of the debt by one year. The maturity date was extended from September 26, 2018, to September 26, 2019.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or discussion of risks and contingencies beyond the execution of the credit agreement amendment.
Investor Verification Checklist
- Verify the full terms of the Second Amended and Restated Credit Agreement to confirm interest rates and covenants remain unchanged.
- Confirm the total principal amount outstanding under the Plains AAP Credit Agreement.
- Review subsequent filings to ensure no further amendments or defaults have occurred regarding this facility.