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 term loan of $550.0 million with Wells Fargo Bank, National Association at Adjusted Term Secured Overnight Financing Rate (“SOFR”), plus an applicable marg maturing February 28, 2030.
- Instrument
- term loan
- Principal
- $550.0 million
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- Adjusted Term Secured Overnight Financing Rate (“SOFR”), plus an applicable marg
- Maturity
- February 28, 2030
- Event
- incurrence
Exact text from the filing
the Lenders made an initial senior secured term loan to the Borrowers in the principal amount of $550.0 million (the “Initial Term Loan”) on the Closing Date at a price equal to 98.5% of its face value.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
PAR PACIFIC HOLDINGS, INC. entered into Term Loan Credit Agreement with Wells Fargo Bank, National Association valued at $550,000,000 Initial Term Loan (effective 2023-02-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- $550,000,000 Initial Term Loan
- Effective
- 2023-02-28
Exact text from the filing
On February 28, 2023 (the “Closing Date”), Par Pacific Holdings, Inc. (the “Company”), Par Petroleum, LLC, as a borrower (the “Par Borrower”), Par Petroleum Finance Corp., as a borrower (together with the Par Borrower, the “Borrowers” or the “Issuers”), entered into a term loan credit agreement (the “Term Loan Credit Agreement”) with Wells Fargo Bank, National Association, as administrative agent (the “Agent”), and the lenders party thereto (“Lenders”).
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