Par Pacific closes $500M 7.375% senior notes due 2034 and upsizes ABL to $1.8B

PAR PACIFIC HOLDINGS, INC.

Issued $500M of 7.375% senior unsecured notes due 2034; proceeds used to repay term loan due 2030.
Amended ABL credit facility to $1.8B aggregate commitments with $500M incremental facility; maturity extended to 2031.
Notes are guaranteed by Par Pacific and certain subsidiaries; interest payable semi-annually starting Dec 1, 2026.
Notes redeemable at make-whole prior to June 2029; up to 40% may be redeemed with equity offering proceeds at 107.375%.
ABL bears interest at SOFR plus 1.25%-1.75% depending on excess availability.

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