{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-056278","form_type":"8-K","ticker":"PARR","cik":"0000821483","company_name":"PAR PACIFIC HOLDINGS, INC.","filed_at":"2023-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.185412+00:00","generated_at":"2026-06-18T19:29:46.342127+00:00","sec_items":["1.01","1.02","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Par Pacific closes $550M term loan, refinances existing debt and tenders notes","bullets":["Entered $550M senior secured term loan at 98.5% of face value; proceeds used to refinance existing term loan and repurchase 7.750% 2025 and 12.875% 2026 notes.","Interest rate: SOFR+4.25% or base rate+3.25%; stepdown of 0.25% if credit rating upgraded to Ba3/BB-.","Maturity Feb 28, 2030; quarterly amortization of $1.375M starting June 30, 2023.","Completed cash tender offer: repurchased $260.6M of 2025 notes and $29.0M of 2026 notes.","Term loan secured by first-priority lien on substantially all assets of borrowers and guarantors, with certain exclusions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-056278","json":"https://secwatch.observer/filing/0001193125-23-056278.json","markdown":"https://secwatch.observer/filing/0001193125-23-056278.md","text":"https://secwatch.observer/filing/0001193125-23-056278.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/821483/000119312523056278/0001193125-23-056278-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/821483/000119312523056278/d351457d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T19:29:46.342127+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":[{"claim_id":"be4a494c24557d8bb79afba44e49ef95fabc2430","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/821483/000119312523056278/0001193125-23-056278-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$550.0 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Adjusted Term Secured Overnight Financing Rate (“SOFR”), plus an applicable marg"},{"label":"Maturity","value":"February 28, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"fe0f45ce724f37aa8c3c6300303c9f2268d3bc92","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/821483/000119312523056278/0001193125-23-056278-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"$550,000,000 Initial Term Loan"},{"label":"Effective","value":"2023-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}