secwatch.observer — SEC 8-K summary
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Issuer:     PAR PACIFIC HOLDINGS, INC. (PARR)
CIK:        0000821483
Form:       8-K
Filed at:   2023-06-26T23:59:59+00:00
Accession:  0001437749-23-018428
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821483/000143774923018428/0001437749-23-018428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821483/000143774923018428/parr20230626_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-018428

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