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.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PAR PACIFIC HOLDINGS, INC. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $500 million (effective 2026-05-14).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association, as trustee
Value: $500 million
Effective: 2026-05-14

Exact text from the filing

The Notes were issued under an Indenture, dated as of May 14, 2026 (the “Indenture”), among the Issuer, the guarantors named therein and U.S. Bank Trust Company, National Association, as trustee.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PAR PACIFIC HOLDINGS, INC. entered into Amended and Restated Asset-Based Revolving Credit Agreement with Wells Fargo Bank, National Association, as agent, issuing bank and swing lender valued at $1.8 billion (effective 2026-05-14).

Action: entry
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as agent, issuing bank and swing lender
Value: $1.8 billion
Effective: 2026-05-14

Exact text from the filing

On May 14, 2026, the Issuer, the Company and certain subsidiaries thereof (collectively, the “credit parties”) entered into an Amended and Restated Asset-Based Revolving Credit Agreement (the “New ABL”) with a group of lenders and Wells Fargo Bank, National Association, as agent, issuing bank and swing lender, to amend and restate, increase and extend the Asset-Based Revolving Credit Agreement, dated as of April 26, 2023 (as amended or otherwise modified prior to the effectiveness of such amendment and restatement, the “Existing ABL”).

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PAR PACIFIC HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-224142

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