---
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"
generated_at: "2026-05-27T12:15:28.758838+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PAR raises $115M in 1% convertible notes due 2030; to repay $90M Blue Owl term loan

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-001910
- JSON: https://secwatch.observer/filing/0001140361-25-001910.json
- Plain text: https://secwatch.observer/filing/0001140361-25-001910.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.