Plains All American Pipeline, L.P. (PAA) has priced an underwritten public offering of $1.25 billion in debt securities, with proceeds to be used for various purposes including the acquisition of a 55% interest in EPIC Crude Holdings, LP. The offering is expected to close on September 8, 2025, with BofA Securities, Inc., Barclays Capital Inc., PNC Capital Markets LLC, TD Securities (USA) LLC, and Wells Fargo Securities, LLC acting as joint book-running managers. The offering is subject to customary closing conditions and is not contingent on the completion of the EPIC Acquisition or a previously announced Redemption.

This news release does not constitute an offer to sell or a solicitation to buy the securities described. Forward-looking statements regarding the Offering, Redemption, and EPIC Acquisition are subject to risks and uncertainties. Plains All American Pipeline, L.P. is a publicly traded master limited partnership based in Houston, Texas, that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids.

For more information, contact Investor Relations at [email protected] or (866) 809-1291.

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