secwatch.observer — SEC 8-K summary
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Issuer:     PAR TECHNOLOGY CORP (PAR)
CIK:        0000708821
Form:       8-K
Filed at:   2026-03-17T23:59:59+00:00
Accession:  0000708821-26-000031
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/708821/000070882126000031/0000708821-26-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/708821/000070882126000031/par-20260317.htm
  HTML page:      https://secwatch.observer/filing/0000708821-26-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer