Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PAR TECHNOLOGY CORP incurred convertible notes of $265 million aggregate principal amount with U.S. Bank Trust Company, National Association at 4.00% per year maturing March 15, 2031.
- Instrument
- convertible notes
- Principal
- $265 million aggregate principal amount
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 4.00% per year
- Maturity
- March 15, 2031
- Event
- incurrence
Exact text from the filing
On March 17, 2026, PAR Technology Corporation (“PAR” or the “Company”) completed a private offering (the “Offering”) of $265 million aggregate principal amount of 4.00% Convertible Senior Notes due 2031
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
PAR TECHNOLOGY CORP issued a maximum of 16,719,221 shares of Common Stock of convertible note to qualified institutional buyers.
- Security
- convertible note
- Shares
- a maximum of 16,719,221 shares of Common Stock
- Purchaser
- qualified institutional buyers
Exact text from the filing
Initially, a maximum of 16,719,221 shares of Common Stock may be issued upon conversion of the Notes based on the initial maximum conversion rate of 63.0914 shares of Common Stock per $1,000 principal amount of Notes.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PAR TECHNOLOGY CORP entered into Indenture with U.S. Bank Trust Company, National Association valued at $265 million aggregate principal amount of 4.00% Convertible Senior Notes due 2031 (effective 2026-03-17).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
- Value
- $265 million aggregate principal amount of 4.00% Convertible Senior Notes due 2031
- Effective
- 2026-03-17
Exact text from the filing
On March 17, 2026, PAR Technology Corporation (“PAR” or the “Company”) completed a private offering (the “Offering”) of $265 million aggregate principal amount of 4.00% Convertible Senior Notes due 2031 (the “Notes”), which amount includes $15 million aggregate principal amount of Notes issued pursuant to the initial purchasers’ exercise of their option to purchase additional Notes. The Notes were issued pursuant to an indenture, dated March 17, 2026 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee.
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