May 29, 2016 8:42 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Plains Midstream Canada ULC

Company Overview

Plains Midstream Canada ULC owns, operates, acquires, and develops a portfolio of midstream energy assets. It specializes in the transportation, storage, processing, and marketing of crude oil, natural gas, and natural gas liquids in the provinces of Alberta, Saskatchewan, and Manitoba, and in Montana and North Dakota in the United States. The company’s assets include NGL extraction plants, pipeline gathering systems, fractionation plants, and storage and distribution facilities. It links petroleum producers with refiners and other customers through pipelines, trucks, and rail transportation. The company was founded in 2001 and is based in Calgary, Canada. Plains Midstream Canada ULC operate...

1400, 607 Eighth Avenue S.W.

Calgary, AB T2P 0A7

Canada

Founded in 2001

Phone:

403-298-2100

Fax:

403-233-0399

Key Executives for Plains Midstream Canada ULC

Chief Executive Officer
Age: 60
President
Age: 46
Chief Financial Officer and Executive Vice President
Age: 44
Executive Vice President of Operations
Age: 61
Senior Vice President of NGL Commercial & Facilities
Age: 41
Compensation as of Fiscal Year 2015.

Plains Midstream Canada ULC Key Developments

Plains Marketing, L.P. and Plains Midstream Canada ULC Consents to an Extension of Lender's Maturity Date of Third Amended and Restated Credit Agreement

Effective on and as of August 14, 2015, pursuant to Section 2.14 of that certain Third Amended and Restated Credit Agreement dated as of August 19, 2011 among Plains Marketing, L.P. and Plains Midstream Canada ULC as Borrowers; PAA, as Guarantor; Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer; Wells Fargo Bank, National Association, as an L/C Issuer; and the other Lenders party thereto, each Lender under the Hedged Inventory Facility consented to an extension of such Lender's Maturity Date for one additional year from the Existing Maturity Date. As a result, the Maturity Date of each Lender has been extended to August 16, 2018. Terms used but not defined herein have the meanings assigned to them in the Hedged Inventory Facility.

Plains All American Pipeline, L.P. Enters Third Amended and Restated Credit Agreement

Effective on and as of August 16, 2014, pursuant to Section 2.14 of that certain Third Amended and Restated Credit Agreement dated as of August 19, 2011 among Plains Marketing, L.P. and Plains Midstream Canada ULC (PMC), as Borrowers; Plains All American Pipeline, L.P., as Guarantor; Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer; Wells Fargo Bank, National Association, as an L/C Issuer; and the other Lenders party thereto (as amended, the Hedged Inventory Facility), each Lender under the Hedged Inventory Facility consented to an extension of such Lender's Maturity Date for one additional year from the Existing Maturity Date. As a result, the Maturity Date of each Lender has been extended to August 16, 2017. Terms used but not defined herein have the meanings assigned to them in the Hedged Inventory Facility. Effective on and as of August 16, 2014, pursuant to Section 2.14 of that certain Credit Agreement dated as of August 19, 2011 among the company and PMC, as Borrowers; Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer; Wells Fargo Bank, National Association, as an L/C Issuer; and the other Lenders party thereto (as amended, the Credit Agreement), each Lender under the Credit Agreement consented to an extension of such Lender's Maturity Date for one additional year from the Existing Maturity Date. As a result, the Maturity Date of each Lender has been extended to August 16, 2019. Terms used but not defined herein have the meanings assigned to them in the Credit Agreement.

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 4, 2016
Westcoast Energy Inc., Empress Natural Gas Liquids Business
 

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