secwatch / observer
8-K filed May 2, 2023, 7:59 PM ET ticker PARR CIK 0000821483
debt confidence high sentiment neutral materiality 0.55

PAR PACIFIC HOLDINGS, INC. (PARR): debt financing — Par Pacific enters $150M ABL facility; potential expansion to $600M; terminates prior credit agreement

PAR PACIFIC HOLDINGS, INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PAR PACIFIC HOLDINGS, INC. incurred revolving credit of $150 million with Wells Fargo Bank, National Association maturing five years after the Closing Date.

Instrument
revolving credit
Principal
$150 million
Counterparty
Wells Fargo Bank, National Association
Maturity
five years after the Closing Date
Event
incurrence
Exact text from the filing
Association, as joint lead arrangers and joint bookrunners, providing for a senior secured asset-based revolving credit facility in an aggregate principal amount of up to $150 million (the “Initial Facility”) plus, subject to certain conditions set forth therein, commitments to increase the Initial Facility in an aggregate principal amount of up to $450
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PAR PACIFIC HOLDINGS, INC. entered into ABL Credit Agreement with Wells Fargo Bank, National Association, as administrative agent and collateral agent, and the lenders party thereto valued at up to $150 million (effective 2023-04-26).

Action
entry
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association, as administrative agent and collateral agent, and the lenders party thereto
Value
up to $150 million
Effective
2023-04-26
Exact text from the filing
On April 26, 2023 (the “Closing Date”), Par Pacific Holdings, Inc. (the “Company”), Par Petroleum, LLC (“Par Petroleum”), Par Hawaii, LLC (“Par Hawaii”), Hermes Consolidated, LLC (“Hermes”), Wyoming Pipeline Company LLC (“Wyoming Pipeline”), Par Montana, LLC (“Par Montana”) and Par Rocky Mountain Midstream, LLC (“Par Rocky,” and collectively with the Par Petroleum, Par Hawaii, Hermes, Wyoming Pipeline and Par Montana, the “Borrowers”) entered into that certain Asset-Based Revolving Credit Agreement (as amended from time to time, the “ABL Credit Agreement”) with the lenders party thereto, as lenders (the “Lenders”), the issuing banks party thereto, and Wells Fargo Bank, National Association, as administrative agent and collateral agent for each member of the lender group (the “Agent”), and Wells Fargo Bank, National Association, Bank of America, N.A., Goldman Sachs Bank USA, MUFG Bank, LTD and Fifth Third Bank, National Association, as joint lead arrangers and joint bookrunners, providi
View on SEC.gov

Browse all debt financings →

PAR PACIFIC HOLDINGS, INC. filing history →

Source: SEC EDGAR
accession 0000821483-23-000016
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.