---
schema_version: "secwatch.filing_event.v1"
accession: "0000708821-24-000067"
form_type: "8-K"
ticker: "PAR"
cik: "0000708821"
company_name: "PAR TECHNOLOGY CORP"
filed_at: "2024-07-11T23:59:59+00:00"
generated_at: "2026-05-31T21:54:00.951747+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PAR Tech enters $90M credit facility to fund TASK acquisition; close expected July 18

## Summary
- Initial aggregate principal amount of $90.0 million term loan from Blue Owl Capital-led lender group.
- Proceeds to partially fund TASK Group Holdings acquisition; all conditions satisfied, close on July 18, 2024.
- Interest rate: ABR + 3.50-4.50% or SOFR + 4.50-5.50% based on total net annual recurring revenue leverage ratio.
- Maturity on July 5, 2029 or earlier upon maturity of 2027 Convertible Senior Notes.
- Financial covenants: minimum liquidity $20M, total net ARR leverage ratio ≤ 1.25x; secured by substantially all assets.

## SEC filing metadata
- accession: 0000708821-24-000067
- form_type: 8-K
- ticker: PAR
- cik: 0000708821
- company_name: PAR TECHNOLOGY CORP
- filed_at: 2024-07-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/708821/000070882124000067/0000708821-24-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/708821/000070882124000067/par-20240705.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000708821-24-000067
- JSON: https://secwatch.observer/filing/0000708821-24-000067.json
- Plain text: https://secwatch.observer/filing/0000708821-24-000067.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.