debt
confidence high
sentiment neutral
materiality 0.70
Par Pacific announces $500M senior notes offering to repay term loan
PAR PACIFIC HOLDINGS, INC.
- Par Petroleum, a wholly owned subsidiary, to offer $500M senior unsecured notes due 2034.
- Net proceeds, plus cash on hand or ABL borrowings, will repay and terminate term loan due 2030.
- Notes will be fully and unconditionally guaranteed by Par Pacific and certain subsidiaries.
- The offering is a private placement under Rule 144A and Regulation S.