debt
confidence high
sentiment neutral
materiality 0.30
Par Pacific subsidiary extends Merrill Lynch commodities hedging facility to March 2024
PAR PACIFIC HOLDINGS, INC.
- US Oil & Refining extends First Lien ISDA Master Agreement term expiry from Mar 31, 2023 to Mar 31, 2024.
- Revised volume limits: Crude TD Forward Max Volume set at 1,575,000 bbls; Asphalt at 210,000 bbls.
- Fee letter modifies certain fees payable by USOR under the agreement.
- Company reaffirms obligations under amended agreement; no defaults noted.
- Amendment includes updated insurance certificates and solvency certificate delivery.