secwatch.observer — SEC 8-K summary
======================================

Issuer:     PAR PACIFIC HOLDINGS, INC. (PARR)
CIK:        0000821483
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001437749-23-021233
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821483/000143774923021233/0001437749-23-021233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821483/000143774923021233/parr20230728_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-021233

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer