---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-023841"
form_type: "8-K"
ticker: "PARR"
cik: "0000821483"
company_name: "PAR PACIFIC HOLDINGS, INC."
filed_at: "2023-02-03T23:59:59+00:00"
generated_at: "2026-06-20T01:30:06.355142+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Par Pacific proposes $550M term loan B, provides preliminary Q4 2022 EBITDA $160-180M

## Summary
- Proposed $550M senior secured term loan B due 2030 to refinance existing Term Loan B (2026) and 7.75%/12.875% notes.
- Plans new $150M ABL facility due 2028, upsizable to ~$550M upon closing of previously announced Billings acquisition.
- Preliminary Q4 2022 net income estimate $60-90M; adjusted net income $117-138.5M.
- Preliminary Q4 2022 adjusted EBITDA estimate $160-180M; adjustments include inventory valuation, RINs, derivatives, acquisition costs.
- Financial closing process not yet complete; final results may vary materially from these estimates.

## SEC filing metadata
- accession: 0001193125-23-023841
- form_type: 8-K
- ticker: PARR
- cik: 0000821483
- company_name: PAR PACIFIC HOLDINGS, INC.
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821483/000119312523023841/0001193125-23-023841-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821483/000119312523023841/d458282d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-023841
- JSON: https://secwatch.observer/filing/0001193125-23-023841.json
- Plain text: https://secwatch.observer/filing/0001193125-23-023841.txt

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