February 27, 2015 6:55 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Plains Marketing, L.P.

Company Overview

Plains Marketing, L.P., doing business as Link Energy LP, operates as a non-regulated storage and terminalling company. The company engages in storage of crude oil and certain refined products on lines regulated by the Federal Energy Regulatory Commission. Plains Marketing, L.P. is based in Houston, Texas. The company operates as a subsidiary of Plains All American Pipeline, L.P.

333 Clay Street

Suite 1600

P.O. Box 4648

Houston, TX 77210-4648

United States

Phone:

713-646-4460

Fax:

713-646-4254

Key Executives for Plains Marketing, L.P.

Vice President of Terminals
Age: 54
Compensation as of Fiscal Year 2014.

Plains Marketing, L.P. Key Developments

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.

Plains Marketing, L.P. Amends Senior Secured Hedged Inventory Facility

On August 16, 2013, Plains Marketing, L.P., a wholly-owned subsidiary of Plains All American Pipeline, L.P., entered into the second amendment to the third amended and restated credit agreement among Plains Marketing and Plains Midstream Canada ULC, as borrowers; Plains All American Pipeline, 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. Pursuant to the amendment, the maturity date of the senior secured hedged inventory facility has been extended to August 16, 2016 and the definition of applicable rate has been modified. Credit extensions to each borrower will be used to finance, and will be secured by, its purchased or stored hedged inventory. Payment obligations of the borrowers under this facility will continue to be guaranteed by the Plains All American Pipeline.

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