{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-001910","form_type":"8-K","ticker":"PAR","cik":"0000708821","company_name":"PAR TECHNOLOGY CORP","filed_at":"2025-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.108742+00:00","generated_at":"2026-05-27T12:15:28.758838+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"PAR raises $115M in 1% convertible notes due 2030; to repay $90M Blue Owl term loan","bullets":["$115M aggregate principal of 1.00% Convertible Senior Notes due 2030 priced Jan 22, 2025; initial conversion price ~$97.00/share (32.5% premium).","Net proceeds estimated at ~$111.3M (with full over-allotment) or ~$96.7M without; $90M used to repay Blue Owl Term Loan.","Notes are unsecured, mature Jan 15, 2030; interest payable semiannually; convertible at holder's option under certain conditions.","Company may redeem notes on/after Jan 20, 2028 if stock price >=130% of conversion price for 20 of 30 trading days.","Offering exempt from registration under Rule 144A; up to 1.57M shares potentially issuable upon conversion."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-001910","json":"https://secwatch.observer/filing/0001140361-25-001910.json","markdown":"https://secwatch.observer/filing/0001140361-25-001910.md","text":"https://secwatch.observer/filing/0001140361-25-001910.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/708821/000114036125001910/0001140361-25-001910-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/708821/000114036125001910/ny20041037x2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T12:15:28.758838+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}