July 23, 2017 3:27 PM ET

Oil, Gas and Consumable Fuels

Company Overview of PAA GP Holdings LLC

Company Overview

PAA GP Holdings LLC operates as a general partner for Plains GP Holdings, L.P., which engages in transportation, storage, terminalling, and marketing of crude oil and refined products. The company was incorporated in 2013 and is based in Houston, Texas.

333 Clay Street

STE. 1600

Houston, TX 77002

United States

Founded in 2013

Phone:

713-646-4100

Key Executives for PAA GP Holdings LLC

Chairman of the Board and Chief Executive Officer
Age: 59
President, Chief Operating Officer and Director
Age: 60
Chief Financial Officer and Executive Vice President
Age: 53
Executive Vice President, General Counsel and Secretary
Age: 56
Executive Vice President, Director and Chief Operating Officer (U.S.)
Age: 56
Compensation as of Fiscal Year 2017.

PAA GP Holdings LLC Key Developments

Plains All American Mulls Acquisitions

Plains All American Pipeline, L.P. (NYSE:PAA), PAA GP Holdings LLC, Plains AAP, L.P., and PAA GP LLC intends to use such net proceeds to repay outstanding borrowings under its senior unsecured revolving credit facility and for general partnership purposes, including acquisitions, joint venture investments and other expansion capital expenditures. Amounts repaid under PAA's senior unsecured revolving credit facility may be reborrowed to fund its ongoing expansion capital program, future acquisitions and investments or for general partnership purposes.

PAA GP Holdings LLC Appoints Harry Pefanis and Willie Chiang to the Board

Plains All American Pipeline, L.P. and Plains GP Holdings announced that the Board of Directors of PAA GP Holdings LLC appointed Harry Pefanis and Willie Chiang to the Board. Mr. Pefanis and Mr. Chiang serve as the President and Chief Operating Officer and Executive Vice President and Chief Operating Officer (U.S.), respectively, of PAGP GP.

PAGP, AAP and PAA Announces Board Changes

Prior to the Closing, PAA GP Holdings LLC (PAGP GP) managed the business and affairs of Plains GP Holdings, L.P (PAGP), and Plains All American GP LLC (GP LLC) managed the business and affairs of Plains All American Pipeline, L.P (PAA) and Plains AAP, L.P (AAP). Pursuant to the A&R GP LLC Agreement, PAGP, as the sole member of GP LLC, has the sole authority to manage the business and affairs of GP LLC, and the current board of directors of GP LLC (GP LLC board) was eliminated. As a result, the PAGP GP board will have responsibility for managing the business and affairs of each of PAGP, AAP and PAA. At the Closing, Messrs. Christopher M. Temple, Gary R. Petersen and J. Taft Symonds, who were the directors of the GP LLC board that were not also directors of the PAGP GP board, were added to the PAGP GP board. Victor Burk and Bobby S. Shackouls, who were not members of the GP LLC board, are current members of the PAGP GP board.

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Recent Private Companies Transactions

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