Plains All American Pipeline LP completed an underwritten public offering of two series of senior notes: $500 million aggregate principal amount of 2.60% senior unsecured notes due Dec. 15, 2019, at a public offering price of 99.813% of face amount with a yield to maturity of 2.640%; and $650 million aggregate principal amount of 4.90% senior unsecured notes due Feb. 15, 2045, at a public offering price of 99.876% of face amount with a yield to maturity of 4.907%.

The net proceeds of the offering were about $1.138 billion, which Plains All American will use to repay outstanding borrowings under its commercial paper program, part of which was used to fund the BridgeTex acquisition completed on Nov. 14, 2014. Amounts repaid under the program may be reborrowed, as necessary, to fund the partnership’s ongoing expansion program or future acquisitions, or for general partnership purposes.

Barclays Capital Inc., SunTrust Robinson Humphrey, Inc., Wells Fargo Securities LLC, BBVA Securities Inc., RBC Capital Markets LLC and SMBC Nikko Securities America Inc. served as joint book-running managers of the offering.