April 18, 2014 7:32 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

Houston, TX 77210-4648

United States





Key Executives for Plains Marketing, L.P.

Age: 56
Vice President of Terminals
Age: 53
Compensation as of Fiscal Year 2013.

Plains Marketing, L.P. Key Developments

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.

Plains Marketing, L.P. Enters into the First Amendment to the Third Amended and Restated Credit Agreement

On June 27, 2012, Plains Marketing, L.P entered into the first amendment to the third amended and restated credit agreement among PMLP and Plains Midstream Canada ULC, as borrowers, the partnership, as guarantor, Bank of America, N.A., as administrative agent, Swing Line Lender and L/C Issuer and the other Lenders and L/C Issuers party thereto. Pursuant to the credit agreement amendment, PMC is permitted to participate as a borrower under the amended hedged inventory facility. The credit agreement amendment also modifies the definitions of base rate, Eurocurrency rate and letters of credit in order to conform to the definitions included in the amended hedged inventory facility.

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