---
schema_version: "secwatch.filing_event.v1"
accession: "0000708821-26-000031"
form_type: "8-K"
ticker: "PAR"
cik: "0000708821"
company_name: "PAR TECHNOLOGY CORP"
filed_at: "2026-03-17T23:59:59+00:00"
generated_at: "2026-05-15T11:11:57.821378+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PAR closes $265M 4% convertible note offering, refinances 2027 notes and repurchases stock

## Summary
- $265M aggregate principal of 4.00% Convertible Senior Notes due 2031; net proceeds ~$256.8M.
- Used ~$207.5M to repurchase $212M of existing 1.50% convertible notes due 2027.
- Used ~$33.1M to repurchase ~2.1M shares at $15.85 per share.
- Conversion price set at $19.02/share, a 20% premium to March 12 closing price.
- 2026 Annual Meeting rescheduled for Friday, May 29, 2026.

## SEC filing metadata
- accession: 0000708821-26-000031
- form_type: 8-K
- ticker: PAR
- cik: 0000708821
- company_name: PAR TECHNOLOGY CORP
- filed_at: 2026-03-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/708821/000070882126000031/0000708821-26-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/708821/000070882126000031/par-20260317.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000708821-26-000031
- JSON: https://secwatch.observer/filing/0000708821-26-000031.json
- Plain text: https://secwatch.observer/filing/0000708821-26-000031.txt

## Source-grounded claims
- claim_id: d04985e2dc68c200adcef9954a9614fd52b4fc74
  claim: 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.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/708821/000070882126000031/0000708821-26-000031-index.htm
- claim_id: be882b8c43139383247d8f0cb55b7eefe182b557
  claim: 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).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/708821/000070882126000031/0000708821-26-000031-index.htm

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