PAA offering history
Every offering-related filing in PLAINS ALL AMERICAN PIPELINE LP’s recent SEC record — registrations (announced capacity) kept separate from pricing documents (executed sales). Reviewed 1,000 filings back to Jun 13, 2011.
| Date | Filing | What it means | |
|---|---|---|---|
| Nov 13, 2025 | 424B5 → | EXECUTED | Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm) |
| Nov 10, 2025 | 424B5 → | EXECUTED | Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm) |
| Nov 10, 2025 | FWP → | MARKETING | Free-writing prospectus — offering being marketed |
| Sep 5, 2025 | 424B5 → | EXECUTED | Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm) |
| Sep 3, 2025 | 424B5 → | EXECUTED | Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm) |
| Sep 3, 2025 | FWP → | MARKETING | Free-writing prospectus — offering being marketed |
| Jan 14, 2025 | 424B5 → | EXECUTED | Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm) |
| Jan 13, 2025 | 424B5 → | EXECUTED | Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm) |
| Jan 13, 2025 | FWP → | MARKETING | Free-writing prospectus — offering being marketed |
| Sep 19, 2024 | EFFECT → | EFFECTIVE | SEC declared a registration effective — selling can begin |
| Sep 6, 2024 | S-3ASR → | REGISTERED | Automatic shelf registration — effective immediately (large filers) |
| Sep 6, 2024 | S-3 → | REGISTERED | S-3 registration — capacity to sell shares, not a sale yet |
| Jun 20, 2024 | 424B5 → | EXECUTED | Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm) |
| Jun 17, 2024 | 424B5 → | EXECUTED | Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm) |
| Jun 17, 2024 | FWP → | MARKETING | Free-writing prospectus — offering being marketed |
| Sep 7, 2023 | 424B7 → | UPDATE | Resale prospectus — existing holders registering to sell |
| Oct 18, 2022 | EFFECT → | EFFECTIVE | SEC declared a registration effective — selling can begin |
| Oct 4, 2022 | S-3 → | REGISTERED | S-3 registration — capacity to sell shares, not a sale yet |
| Sep 29, 2021 | EFFECT → | EFFECTIVE | SEC declared a registration effective — selling can begin |
| Sep 8, 2021 | S-3ASR → | REGISTERED | Automatic shelf registration — effective immediately (large filers) |
| Sep 8, 2021 | S-3 → | REGISTERED | S-3 registration — capacity to sell shares, not a sale yet |
| Jun 9, 2020 | 424B5 → | EXECUTED | Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm) |
| Jun 8, 2020 | 424B3 → | UPDATE | Prospectus update — often a resale registration, not necessarily new capital |
| Jun 8, 2020 | FWP → | MARKETING | Free-writing prospectus — offering being marketed |
| Sep 20, 2019 | 424B3 → | UPDATE | Prospectus update — often a resale registration, not necessarily new capital |
| Sep 19, 2019 | FWP → | MARKETING | Free-writing prospectus — offering being marketed |
| Sep 18, 2019 | 424B3 → | UPDATE | Prospectus update — often a resale registration, not necessarily new capital |
| Sep 10, 2019 | 424B5 → | EXECUTED | Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm) |
| Sep 9, 2019 | 424B3 → | UPDATE | Prospectus update — often a resale registration, not necessarily new capital |
| Sep 9, 2019 | FWP → | MARKETING | Free-writing prospectus — offering being marketed |
| Sep 26, 2018 | EFFECT → | EFFECTIVE | SEC declared a registration effective — selling can begin |
| Sep 14, 2018 | S-3ASR → | REGISTERED | Automatic shelf registration — effective immediately (large filers) |
| Sep 14, 2018 | S-3 → | REGISTERED | S-3 registration — capacity to sell shares, not a sale yet |
| Dec 7, 2017 | EFFECT → | EFFECTIVE | SEC declared a registration effective — selling can begin |
| Dec 1, 2017 | S-3 → | REGISTERED | S-3 registration — capacity to sell shares, not a sale yet |
| Oct 6, 2017 | 424B5 → | EXECUTED | Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm) |
| Oct 4, 2017 | FWP → | MARKETING | Free-writing prospectus — offering being marketed |
| Oct 2, 2017 | 424B3 → | UPDATE | Prospectus update — often a resale registration, not necessarily new capital |
| Jun 30, 2017 | 424B7 → | UPDATE | Resale prospectus — existing holders registering to sell |
| Jun 8, 2017 | 424B7 → | UPDATE | Resale prospectus — existing holders registering to sell |
Two honest limits. (1) A 424B takedown can price shares or notes— EDGAR’s metadata doesn’t say which, so open the document: large investment-grade filers use these mostly for bond deals (no dilution), small-caps mostly for shares. (2) At-the-market (ATM) programs sell shares gradually and individual sales are not separately filed — the visible footprint is the enabling shelf and its 424B5; actual ATM share counts surface later in the 10-Q/10-K share count. Educational information from public filings, not investment advice.
PAA offering FAQ
When did PAA last execute an offering?
Per SEC filings, PLAINS ALL AMERICAN PIPELINE LP's most recent priced offering document is a 424B5 filed 2025-11-13. Note a 424B takedown can price shares or notes (debt) — the linked document says which.
When did PAA last announce or register an offering?
The most recent registration is a S-3ASR filed 2024-09-06. A registration is capacity to sell shares — not a sale.
Does an offering always mean dilution?
Registered direct offerings and shelf takedowns issue new shares and dilute existing holders. Resale registrations (424B3/B7) let existing holders sell and do not create new shares. Secondary sales by insiders also do not dilute. Each row here is labeled with what it is.