---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-021233"
form_type: "8-K"
ticker: "PARR"
cik: "0000821483"
company_name: "PAR PACIFIC HOLDINGS, INC."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T19:52:49.173899+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Par Pacific subsidiary enters $120M uncommitted credit facility; expandable to $350M

## Summary
- Par Hawaii Refining LLC obtains $120M uncommitted revolving credit/LC facility; max can increase to $350M.
- Facility supports crude oil purchases and letters of credit; 364-day maturity; uncommitted with lender discretion.
- Amendment to J. Aron supply agreement adds $15M minimum liquidity covenant requiring at least $15M cash.
- Collateral documents assign existing liens to collateral agent for benefit of lenders and Aron under new priority structure.

## SEC filing metadata
- accession: 0001437749-23-021233
- form_type: 8-K
- ticker: PARR
- cik: 0000821483
- company_name: PAR PACIFIC HOLDINGS, INC.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821483/000143774923021233/0001437749-23-021233-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821483/000143774923021233/parr20230728_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-021233
- JSON: https://secwatch.observer/filing/0001437749-23-021233.json
- Plain text: https://secwatch.observer/filing/0001437749-23-021233.txt

## Key facts
- Material Agreements
  PAR PACIFIC HOLDINGS, INC. entered into Amendment to Second Amended and Restated Supply and Offtake Agreement with J. Aron & Company LLC valued at Amendment to the Second Amended and Restated Supply and Offtake Agreement dated June 1, 2021, relati (effective 2023-07-26).
  - Action: entry
  - Agreement: supply
  - Counterparty: J. Aron & Company LLC
  - Value: Amendment to the Second Amended and Restated Supply and Offtake Agreement dated June 1, 2021, relati
  - Effective: 2023-07-26
  source text: On the Closing Date and in connection with the consummation of the transactions contemplated by the Uncommitted Credit Agreement, PHR, Par Petroleum, as guarantor, and J. Aron & Company LLC (“ Aron ”) entered into an Amendment to Second Amended and Restated Supply and Offtake Agreement (the “ S&O Amendment ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/821483/000143774923021233/0001437749-23-021233-index.htm
- Material Agreements
  PAR PACIFIC HOLDINGS, INC. entered into Uncommitted Credit Agreement with MUFG Bank, Ltd., Macquarie Bank Limited, U.S. Bank Trust Company, National Association valued at $120,000,000 aggregate maximum, increaseable up to $350,000,000 aggregate maximum (effective 2023-07-26).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: MUFG Bank, Ltd., Macquarie Bank Limited, U.S. Bank Trust Company, National Association
  - Value: $120,000,000 aggregate maximum, increaseable up to $350,000,000 aggregate maximum
  - Effective: 2023-07-26
  source text: On July 26, 2023 (the “ Closing Date ”), Par Hawaii Refining, LLC (“ PHR ”), a subsidiary of Par Pacific Holdings, Inc. (“ Par Pacific ”), as borrower, the lenders and letter of credit issuing banks party thereto (collectively, the “ Lenders ”), MUFG Bank, Ltd., as administrative agent (in such capacity, the “ LC Facility Agent ”), sub-collateral agent, joint lead arranger and sole bookrunner, Macquarie Bank Limited, as joint lead arranger, and U.S. Bank Trust Company, National Association, as collateral agent (the “ Collateral Agent ”), entered into an Uncommitted Credit Agreement (the “ Uncommitted Credit Agreement ”) whereby the Lenders agree, on an uncommitted and absolutely discretionary basis, to consider making revolving credit loans and issuing and participating in letters of credit for the account of PHR in the maximum available amount of $120,000,000 in the aggregate (the “ Uncommitted Facility ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/821483/000143774923021233/0001437749-23-021233-index.htm
- Material Agreements
  PAR PACIFIC HOLDINGS, INC. entered into Parent Guaranty with Par Petroleum, LLC valued at Par Petroleum irrevocably unconditionally guaranteed the due and punctual payment and performance of (effective 2023-07-26).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Par Petroleum, LLC
  - Value: Par Petroleum irrevocably unconditionally guaranteed the due and punctual payment and performance of
  - Effective: 2023-07-26
  source text: On the Closing Date and in connection with the Uncommitted Credit Agreement, Par Petroleum, LLC (“ Par Petroleum ”), a subsidiary of Par Pacific and the direct parent of PHR, entered into a Parent Guaranty (the “ Par Petroleum Guaranty ”), pursuant to which, among other things, Par Petroleum irrevocably unconditionally guaranteed the due and punctual payment and performance of PHR’s obligations under the Uncommitted Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/821483/000143774923021233/0001437749-23-021233-index.htm

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