---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-040299"
form_type: "8-K"
ticker: "PARR"
cik: "0000821483"
company_name: "PAR PACIFIC HOLDINGS, INC."
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T12:33:37.968441+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Par Pacific prices $550M term loan B at SOFR+4.25%, launches tender offers for senior notes

## Summary
- Priced $550M senior secured term loan B due 2030 at 98.5% of face; interest SOFR+4.25% (0.50% floor).
- Proceeds to refinance existing term loan due 2026 and outstanding 7.750% 2025 notes ($281M) and 12.875% 2026 notes ($31.3M).
- Tender offers for any and all notes: $1,021.20/$1,000 for 2025 notes, $1,090.44/$1,000 for 2026 notes, plus accrued interest.
- Tender offers expire Feb 23, 2023; closing of term loan expected Feb 28, 2023, subject to financing condition.
- Interest rate spread may step down 25 bps to 4.00% if Par Pacific's credit rating is upgraded to Ba3/BB-.

## SEC filing metadata
- accession: 0001193125-23-040299
- form_type: 8-K
- ticker: PARR
- cik: 0000821483
- company_name: PAR PACIFIC HOLDINGS, INC.
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821483/000119312523040299/0001193125-23-040299-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821483/000119312523040299/d460364d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-040299
- JSON: https://secwatch.observer/filing/0001193125-23-040299.json
- Plain text: https://secwatch.observer/filing/0001193125-23-040299.txt

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