---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-018428"
form_type: "8-K"
ticker: "PARR"
cik: "0000821483"
company_name: "PAR PACIFIC HOLDINGS, INC."
filed_at: "2023-06-26T23:59:59+00:00"
generated_at: "2026-06-13T17:24:44.218771+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Par Pacific amends supply/offtake agreement to replace LIBOR with SOFR rate, effective July 1, 2023

## Summary
- Amendment changes interest rate benchmark from LIBOR to SOFR Rate (Compounded SOFR + 0.26161%) in the S&O Agreement with J. Aron.
- Effective July 1, 2023; all references to LIBOR removed and replaced with SOFR Rate.
- Also updates definitions for default interest rate, breakage compensation, and benchmark replacement fallback provisions.
- No change to principal amount, maturity, or other material terms of the existing supply and offtake arrangement.

## SEC filing metadata
- accession: 0001437749-23-018428
- form_type: 8-K
- ticker: PARR
- cik: 0000821483
- company_name: PAR PACIFIC HOLDINGS, INC.
- filed_at: 2023-06-26T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821483/000143774923018428/0001437749-23-018428-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821483/000143774923018428/parr20230626_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-018428
- JSON: https://secwatch.observer/filing/0001437749-23-018428.json
- Plain text: https://secwatch.observer/filing/0001437749-23-018428.txt

## Key facts
- Debt Financings
  PAR PACIFIC HOLDINGS, INC. amended credit facility with J. Aron & Company LLC at the SOFR Rate means the sum of (a) Compounded SOFR (as defined in the S&O Agreem.
  - Instrument: credit facility
  - Counterparty: J. Aron & Company LLC
  - Rate: the SOFR Rate means the sum of (a) Compounded SOFR (as defined in the S&O Agreem
  - Event: amendment
  source text: On June 21, 2023, Par Hawaii Refining, LLC, a Hawaii limited liability company (“ PHR ”) and indirect wholly-owned subsidiary of Par Pacific Holdings, Inc. (“ Par Pacific ”), and Par Petroleum, LLC, a Delaware limited liability company and a subsidiary of Par Pacific and the parent of PHR, as guarantor, entered into an Amendment (the “ Amendment ”) to Second Amended and Restated Supply and Offtake Agreement (as amended, the “ S&O Agreement ”) with J. Aron & Company LLC (“ J. Aron ”). The Amendment amended the S&O Agreement to change the interest rate benchmark in the S&O Agreement by replacing LIBOR with the SOFR Rate and to make certain other conforming and mechanical changes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/821483/000143774923018428/0001437749-23-018428-index.htm
- Material Agreements
  PAR PACIFIC HOLDINGS, INC. amended Second Amended and Restated Supply and Offtake Agreement with J. Aron & Company LLC (effective 2023-06-21).
  - Action: amendment
  - Agreement: supply
  - Counterparty: J. Aron & Company LLC
  - Effective: 2023-06-21
  source text: On June 21, 2023, Par Hawaii Refining, LLC, a Hawaii limited liability company (“ PHR ”) and indirect wholly-owned subsidiary of Par Pacific Holdings, Inc. (“ Par Pacific ”), and Par Petroleum, LLC, a Delaware limited liability company and a subsidiary of Par Pacific and the parent of PHR, as guarantor, entered into an Amendment (the “ Amendment ”) to Second Amended and Restated Supply and Offtake Agreement (as amended, the “ S&O Agreement ”) with J. Aron & Company LLC (“ J. Aron ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/821483/000143774923018428/0001437749-23-018428-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.