secwatch.observer — SEC 8-K summary
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Issuer:     PAR PACIFIC HOLDINGS, INC. (PARR)
CIK:        0000821483
Form:       8-K
Filed at:   2022-08-16T23:59:59+00:00
Accession:  0000821483-22-000064
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Par Pacific subsidiary amends ISDA master agreement to replace LIBOR with Term SOFR
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- USOR and Merrill Lynch Commodities replace LIBOR with Adjusted Term SOFR as benchmark rate in 26th amendment to First Lien ISDA Master Agreement.
- Default rate changed to lower of Adjusted Term SOFR plus 5.25% per annum or highest lawful rate.
- Amendment includes detailed fallback provisions for Benchmark Replacement and Conforming Changes.
- Party B represents no default or termination event exists after giving effect to the amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821483/000082148322000064/0000821483-22-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821483/000082148322000064/parr-20220811.htm
  HTML page:      https://secwatch.observer/filing/0000821483-22-000064

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